She is an uneducated lady because her parents couldn’t afford her education expenses due to having a big family to serve. After her marriage, she left her home town and started living with her husband, but life was not easy. Her husband is a hawker of vegetables. As she is a very sensitive woman, she wanted to do work on fixed income, but she couldn’t do that due to her illiteracy; therefore, she has decided to polish her embroidery skills and for the last three years, she has been preparing embroidered dresses and supporting her husband in generating income.
She is applying for a loan for the first time from Asasah (a microfinance institute in Pakistan) to purchase seasonal vegetables so her husband may increase his business and generate a good income.
She has a dream of opening a vegetable shop for her husband in the main market of Lahore so he does not have to go to different areas to sell vegetables, especially in the summer season.
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