Nazima is the mother of 5 children. Her eldest son is illiterate while the others are continuing their education. Her husband is involved in an artificial jewelry selling business. He is a well-known jeweler in his area and has a good client base. She is very confident that her business will be improved with the loan investment and it will help her family to live a better life.
Note: "One of the members has clothes sales business thats why they are holding clothes".
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