Jamila Bano's Group
She is 45-years old, but her courage and determination never make her tired from her circumstances. She operates a bangle selling business. Her business is a renowned business in the community. She has a variety of bangles. She sells different kinds of bangles, such as steel and bead. Her variety of bangles attracts more customers. She utilizes her income to pay for the utilities.
She is a mother of five children: one son and four daughters. Her son operates a used phone handset repairing & selling business. His shop is located in the main market. Her elder daughter reads in 10th standard and the others read in 5th, 4th and 3rd standard.
Her husband's name is A. R.. He is a mason by profession. He has been in this profession for over 25 years.
Jamila bano is a regular client of Asasah (a microfinance institute in Pakistan). She has successfully repaid her four loans to Asasah and is now applying, for the fifth time, to purchase used handsets and repairing tools to expand her son'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