Shaista's husband is a worker who earns a monthly wage in a private firm. Shaista has four children, all of them getting their education from a local school. With this loan, Shaista will buy a new sewing machine because her current one takes much time to sew a single dress, thus affecting her completion deadlines. Shaista is very confident about the positive financial changes to her business after this loan 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