Waziran is the mother of two daughters and two sons. Her eldest son is a bus conductor and the other one does embroidery works. Both of her sons left their education after 5th grade due to financial problems and started doing different work to financially support the family. Waziran’s daughters are in 8th and 6th grades respectively.
She has applied for a loan for her husband for the second time from Asasah. With the loan he will buy paints of different colors and brands and offer quality work to his customers. She is very much confident that her husband will be able to improve his business condition with the help of this 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