She has raised a son and a daughter and made them qualified in their own fields. Her son is involved in making and selling bed sheets. He got full training from one of the bed-sheets production factories and now he uses his skills for his own business. Her daughter has received training in embroidery skills from her. She and Amna now help each other in preparing embroidered dresses to complete orders of the customers.
Her husband, 58 years of age, is a driver by trade. He drives a rickshaw (a three-wheeled motor vehicle) and works hard to put three meals on the table of his family.
They all are very hardworking people. They all make effort in improving their financial condition and the living standard of their family as well.
Amna is in her third loan cycle with Asasah. In the previous two loans, she maintained good credit behavior and never missed a meeting. This time, she has applied for a loan for her embroidery business. With the loan amount, she will buy embroidery materials, such as cloth, beads and colored thread, in bulk and make improvements to her 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