With the loan investment, he will buy thread and other raw material used in making carpets of better quality. Zia has full confidence in her husband that he will make good use of the money and successfully be able to improve his business.
Zia is a housewife and performs household duties by staying at home. She has given birth to 4 daughters and a son. Her eldest daughter is 20 years old and does decorative embroidery for her neighboring clients.
Zia is confident about her husband’s business success as a result of an investment.
Note: In the photo, the lady holding a book called Asasah passbook is Zia.
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