Bushra Perveen's Group
Bushra is 39 years old and a caring lady who stays at home to manage the household chores. She also helps her husband in arranging his towels and handkerchiefs in an appropriate way so he finds them easily to meet the orders of his customers.
Bushra has four sons and two daughters. Two of her sons are illiterate and operate their businesses separately. Her other two sons are receiving an education and are in 2nd and 5th standard respectively. Her two daughters are also attending school and study in grade 7th and 10th standard.
Bushra lives with her family members in a small house of two rooms. She has converted her house into a home with her excellent management qualities.
Bushra has applied for a loan from Asasah for her husband who wants to expand his business of selling towels and handkerchiefs. With the loan amount he will buy towels and handkerchiefs in bulk and increase his sales. Bushra is hopeful that her husband will be able to improve his business with this loan investment.
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