Earlier she helped her son in establishing his embroidery business by receiving a loan from Asasah; this time she wants to help her husband who will buy paint for his business and meet the orders of his customers.
Wazeeran is hopeful that her husband’s business will be in a better position after making this investment and she will be able to help her daughters in finishing their education.
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