Naseem herself is an ambitious lady. She handles her sewing & embroidery business at her home. She gives due justice to both her household work and to her business. She is a very responsible person and performs her responsibilities with great care. Her family and her clients are very satisfied with her managing qualities.
She will invest the loan in the buying of an embroidery machine. Earlier, she embroidered dresses by hand, but now in order to receive more orders and finish them on time she requires an embroidery machine. She is very confident that her business will be well established 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