Farzana's husband also operates a decorative embroidery business. Both she and her husband together earn reasonably good profits, which helps them fulfill the basic needs of their family. Farzana has given birth to five children, three of whom are studying, while the other two remain at home. She is a great wife and very caring mother and is raising her children very well.
Farzana is very experienced in her business and has been operating it for many years. She is confident about her business's continued success as a result of this loan.
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