Sajida Parveen's Group
Sajida and her husband feel proud when they see their children receiving an education and working hard to make their future bright. They have four children, two daughters and two sons. Their elder daughter is in 12th standard; the next to her is doing FSC, while her elder son reads in 9th standard and the younger is in 3rd standard.
Sajida is now applying for her third loan from Asasah so she can purchase an electric sewing machine to sew more clothes.
Note: In this picture Sajida and Sugran are showing their sewing machines.
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