Nagina Shamshad's Group
Nagina stays at home, manages the household chores and carries out her responsibilities as a housewife and a mother. She has applied for a loan from Asasah to financially assist her husband who will buy masonary tools with the loan. With the help of a loan, her husband will be able to do his job better.
Nagina is a third year client of Asasah. Earlier she received a loan to help her children in starting their own businesses. They are now doing well. She repaid her loans on a timely basis, without any delay and attended all the meetings with full responsibility.
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