She is a vigorous lady. She operates her own business sewing clothes. She does this work to improve the financial condition of her family. Besides sewing clothes she manages her house very efficiently. She takes care of her family and prepares food for them. She has given birth to five children: two sons and three daughters. She has enrolled all of her kids in school because she wants to give them a good education.
Her husband is a cobbler and makes footwear. He learned this art from his father who was a professional cobbler. He started this work twenty years ago and is now earning good money from it.
Hasina took out a loan from Asasah (a micro-finance institution in Pakistan and a partner of Kiva) last year and successfully repaid it, and now she is applying for the second time for a loan to purchase materials required (leather, nails, and polisher) so her husband can make a good number of footwear and earn a good profit.
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