Fahmida Nasreen's Group
Fahmida is very supportive in nature. She has applied for a loan from Asasah for her brother, who also lives with her as a family member. He has a business selling car batteries from a shop in a nearby market. With the help of a loan, he will buy batteries in larger quantities so he can fulfill orders more quickly. He has been in this business for more than five years and believes there is potential to make good money from this business in Pakistan.
Fahmida nasreen is hopeful that her brother will be able to stand on his feet and improve his business with the help of this investment. This is her second loan. She is a responsible loan user of Asasah and has a good credit record.
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