He grows vegetables and then sells them to required customers for profits. His profession requires much struggle but in the end he receives good profits.
Nasreen herself belongs to a sewing and embroidery business, but she also gives time to her family and to her household works. She has five children: three daughters and two sons. All of her children are getting their education.
With the loan investment, her husband will purchase seeds, fertilizer and pesticides which will help him grow his business and increase his profits.
Nasreen is hopeful that her husband’s business will be improved a lot 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