Shahida is a very talented lady, operating a shoe-making business. Her husband also helps her in completing the orders on time. Her husband receives the orders from the shoe shops and shoe factories and then Shahida and he both work together to fulfill the orders. Besides her work, she also gives time to her family and her family works. Her daughter is also very supportive, supporting her in managing the household workings.
Shahida has requested for a loan from Kiva partner Asasah for her shoe-making business. She will invest the loan in buying shoe-making material like leather, thread and nails in larger quantities to fulfill the orders and increase their income. She is very hopeful about the business expansion after the 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