Zubaida is married to G. A. who is a tailor by profession. He specifically sews men’s clothes and runs a shop in the market. Zubaida has given birth to 4 sons and 2 daughters. Her three elder sons are involved in different works. They couldn’t complete their education and had to start work at a young age to financially support the family. Two of her 3 younger children are enrolled in school and are getting their education.
Zubaida has applied for a loan from Kiva partner Asasah for the improvement of her husband’s tailoring business. He will invest the loan in purchasing a sewing machine and he will hire a worker who will help him complete the orders on time to make extra income. Zubaida is hopeful that the investment will take her husband’s business to a more profitable position.
Note: “In the photo, the lady with a raised hand is Zubaida”.
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