Zahida Begum's Group
A very caring lady, Zahida stays at home to manage the household chores and take care of her family. She is an illiterate lady. She couldn’t get a proper education because her parents were not in a position to afford her education expenses.
She got married at the age of 18 and has given birth to two sons. Both of her sons are not of school-going age yet. She has a dream to send her kids to school so they never face the hard time she faced without being literate.
Her husband's name is M. H. and he is a private entrepreneur who purchases clothes from different cities and sells them in both his native city and in different communities as well. He has been doing this work for over seven years. He has obtained a good reputation among his customers. His selection in clothes is always admired by his customers. He also keeps himself aware of the new designs and fabrics in clothes to attract more customers to his work.
He generates an income of approximately 15,000 Pakistan rupees, which enables him to meet the financial expenses. Zahida has applied for a loan from Asasah for her husband. With the loan amount, he will buy clothes in bulk, which will cut his traveling expenses. He will be able to re-invest the profit amount in his 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