Musarat’s two daughters are also in the same profession. They all cater to their customers with great care and provide them with a high comfort level so they become their regular customers and always return to them. They all have true business skills and they handle their business very responsibly.
Musarat will invest this loan in buying materials such as makeup items (eye-shadows, lipsticks, and nail polishes, etc.) and beauty products for the salon in order to offer better quality services to the customers and generate better profits. She is hopeful that her business will grow after this loan investment.
Note: One of the members of the group has a sewing business and that is why she is showing it in the picture.
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