Her one daughter is married and her sons are still studying. This family lives in a small house in Borewala, Pakistan. Borewala city is famous for its shrines.
She happily mentioned that her earnings allowed her to marry off her daughter. She has given all the necessary items to her daughter with her savings.
She is a second year member of Asasah. She maintained good credit behavior in the first year of her loan and successfully returned the loan. Now, she is applying for her business again. With the loan amount she will buy the necessary items such as leather and thread in bulk, to make more seat covers and generate good profits from the sales.
Note: In this photo, Sugran, a group member, is showing her clothes sales 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