Nargis Saleem's Group
Nargis is a seamstress. She sews clothes for her neighboring clients to earn an income. She is very efficient in her work. She manages her sewing business and her domestic work very efficiently. She gives the required time to her family and takes care of them very well.
Her husband sells clothes. He buys clothes from the wholesale markets of Faisalabad and Multan and sells them in his local market to earn an income. His business is going well, but as the time is passing very rapidly, so are changes in dresses and designs in the fashion field. His business demands he keep aware of the new fashions and fabrics.
Therefore, Nargis has applied for a loan from Asasah for the fifth time for her husband. With the loan amount he will buy stock in bulk and increase the profit of his business. She is a regular client of Asasah. In the previous four years of loan experience, she has maintained good credit behavior and never missed a single meeting.
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