Nageen Shahzadi's Group
Clothing sales is a very profitable business. She has a good clientele base and she meets their needs, which enables her to generate profits for her family. With the loan investment, she will purchase clothes of greater variety and in larger quantities, which will enable her to meet her clients' needs and generate higher profits. She is hopeful about the positive financial growth of her business after this 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