With the loan he will buy a better variety of clothes in bulk that will allow him to offer more choice to his clients. This will increase his sales and income.
Nasira is an efficient lady and performs her household duties very well. She also helps her husband financially by sewing clothes. She works for ladies in the community and sews beautiful clothes for them at reasonable rates.
She is a positive lady and is confident that her husband will be more successful in his business after investing this loan.
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.
367View loans »