Her husband name is J. A. who runs a beauty salon in the community. He specifically deals with men. He offers his services by cutting and facial treatments. He has two workers in his salon and he pays them on monthly basis.
Nowadays he has short by some facial products and his services has become limited just on hair cutting. So She is applying for a loan to buy those items so that her husband able to start the work and earn good income.
She has two other ladies in her loan group. Shazia wants a loan to buy electric supplies (switches, tube lights) for her electric shop. Sakina wants a loan to buy cosmetics to resell.
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.
257View loans »
Success!! The loan was 100% repaid