Bilquis Begum's Group
Bilquis herself is a very talented lady. She operates a sewing business to supplement the income of her family. Her work is home-based. She sews clothes for her neighboring customers. Besides her sewing business, she also does the household works with much dedication. Her family is very happy with her loving and caring nature.
Bilquis has requested a loan from Kiva partner Asasah for her son’s business. With the loan investment, he will buy flour, cooking oil, spices, potatoes and gram flour in larger quantity to meet the client’s order on time and increase the income.
She is very confident about the future growth of her son’s business after the loan investment.
This is a Group Loan
In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.
Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.
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Success!! The loan was 100% repaid