Nazeeran also helps her husband and sells crockery to her community clients.
She has applied for a loan from Kiva partner Asasah for the further improvement of her family business. With the loan investment, her husband will buy crockery sets, cups, glasses, etc. that will allow him to offer better variety to his customers and increase his sales and profits.
He is very experienced in his business and Nazeeran is confident that an investment will help him improve his business further.
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