To afford the family's living expenses and to pay her children's school fees, Shazia helps her husband in generating the income. She makes and sells samosas and pakodas (made with graham flour and flour). She sells her products to her community clients. She makes good earnings from her business. Her products are very well-known among local children.
Shazia’s husband operates a car oil sales business. He supplies the oil to different motor workshops and earns profits from it. He has been operating this business for more than 10 years.
Shazia has requested for a loan from Kiva partner Asasah for her husband’s business. With the loan, he will buy oil in larger quantities to resell. She is hopeful about the positive financial growth of her husband’s business.
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