She lives with her husband and family in Raiwind where her husband works in a factory. His income is not sufficient to bear the financial cost of the family, so Aisha has started to prepare embroidered clothes by taking a loan from Asasah. This earned her a good income.
Now she has applied for a loan for the second time from Asasah to further expand her business. With the loan amount, she will buy material such as clothes, beads, colored thread and sketches in bulk to bring in more orders from her clients and to fulfill the current orders on time.
Aisha hopes that she will be able to increase her profit and soon her children will start to go to school.
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