Sakina is also a very supportive and caring lady. She shares the work burden and financial stress with her husband and son by operating a domestic-sewing. Her earning from this work helps her to run the financial expenses smoothly.
Her husband's name is A. R.. He is a cobbler by profession. He makes shoes and his son helps him in selling them to different shops and factories. In this way they both manage their shoe making & selling business.
Sakina is applying for a loan for the third time from Asasah for her family business. With the loan amount, her husband will buy the raw material such as (leather, nails and shoe polisher) for his shoe making & selling 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