Allah Rakhi's Group
A very talented lady, Allah rakhi operates her clothes-sewing business. Her work makes her unique among other sewing centers because of her nice measurements and good sewing techniques. She feels enjoyment while sewing clothes because this is her favorite work to do and she has is expert in it.
Her husband operates a spare parts business in the market. He sells spare parts for different vehicles such as motorbikes & bicycles. He has 15 years of experience in this business. He purchases the spare parts from the area of “Bilal ganj”, which is famous for the spare parts in Lahore. Once in a month, he travels to that area and purchases the stock.
Allah rakhi is applying for a loan from Asasah, to invest the capital in her husband’s business so he can purchase his stock in bulk and meet the urgent demand of its customers
Note: "In this picture Allah rakhi is doing measurement of the suit".
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