Sughran uses a room of her house as a boutique to display her work to her customers. She does this because the rent of shops is too high in Multan. Her customer base is purely women. She prepares women’s wear such as shalwar kamiz and kurtas (pant and tunic outfits), etc. These two items are specifically used in Pakistan because this is its culture and women like to wear them.
Sughran has applied for a loan from Asasah (a micro-finance institute in Pakistan). With the loan she will be able to buy material such as clothes, beads and thread in bulk to fulfill larger orders for her customers. She is hopeful that she can earn a good profit and improve her 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