Kaniz Mai's Group
She is a very talented and hardworking lady. Her business is selling bed sheets. She has six years of experience in this business. She purchases the bed sheets from the main market of Multan and sells them in the community for profit.
Her husband, F. H., has run a grocery shop in the community for the last seven years. He has a good reputation among his customers. Kaniz and her husband both use their income to improve the living standards of their family.
Kaniz is applying for a loan from Asasah for her husband so he may purchase more groceries and expand his 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