N. and his eldest son sell blankets to various places in the community. They also sell in different cities such as Islamabad and Lahore, where people buy blankets in advance of the winter season. N. has been doing this business for over twenty years, but his son joined him in his business five years ago.
Suraiya is also a very hard working lady. She stays at home and manages the household chores, but she also operates her own sewing business. Her clientele base is her neighbors. She receives orders from them and earns a good income from the business.
Suraiya has taken three loans from ASASAH and successfully repaid them. She has maintained good credit behavior. Now she is applying for the fourth loan so she can expand the business of her husband.
With the loan he will buy more blankets and increase his sales.
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