Yusuf wants the loan to buy bicycle spare parts so that he can meet the demand of his clients. Many people there use bicycles as their major means of transport. He will get income to meet the family needs. He has a challenge with the transport and sometimes the delay in supply because of frequent orders due to limited capital.
Yusuf's future prospects when he gets this loan are to increase his income and help those who drop out of the school with the mechanical skills since he is a skilled person in mechanics.
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