Rehana is well-known in the surrounding areas for her quality work and this becomes the source of her getting orders regularly.
Her husband purchases clothes from Multan, which is famous for its embroidery and well-made garments, and sells them to a local market in Borewala.
Rehana has applied for a loan from Asasah for her husband. To minimize his cost of travelling and the purchase price as well, he will buy clothes in bulk, according to the latest fashion and trends,
She is hopeful that her husband will be able to improve his business soon and that her family will be able to enjoy a better financial life. She is in her 2nd loan cycle and is a very responsible user of Asasah. She has maintained a good credit record and has never missed any 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