She is a mother of three children: one son and two daughters. Her elder son is 18 years old and works with his father. Her elder daughter is 15 years old and reads in 10th standard. Her younger daughter is 12 years old and reads in 7th standard.
Her husband's name is M. S.. He runs a sanitary supplies selling business. His shop is located in the market. Naheed supports him by preparing decorative embroidered clothes. She gets orders from her neighbors, and from the cloth shops as well, and generates a good income.
She is a regular client of Asasah (a microfinance institute in Pakistan). She is applying for a loan for the fourth time to purchase the sanitary supplies, such as (taps, water pipes) in bulk, to expand 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