She is 54 years old and operates her own sewing business. She learned this art from her mother and started sewing after her marriage. She has steadily increased her business, and now she is going to start her own boutique where she will display her handmade dresses.
Ameer is the mother of three sons. Her first two sons work in a tailoring shop for monthly wages. The youngest of them reads in 7th standard.
Ameer has successfully repaid two loans to Asasah (a micro-finance institute in Pakistan). Now she is applying again for a loan to purchase supplies in bulk, like beads, colored thread and fabric, to make dresses for her boutique.
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