She is the mother of seven children; five sons and two daughters. One of her sons is a laborer. Others are getting education at a local school. The elder son has a stall in the market selling biryani (a Punjabi rice dish famous in Pakistan).
Hajran has applied for a loan from Asasah to invest in her husband’s work. With the loan, he will buy construction tools. Presently, he rents his tools and pays the rent from the earnings.
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