She is the mother of two daughters and a son. Both of her daughters are nurses and make contributions to improving the financial condition of their family.
Katharine lives with her family in a three room brick house made of mud in the area of Clarkabad.
She has applied for a loan from Asasah for her sewing business. With the loan she will buy an electric sewing machine and hire a worker who will assist her in completing orders on time. She hopes that by hiring an assistant her business will expand and her income will increase as well.
Her elder daughter is now of marriage age and Katharine is confident that she will be able to marry her soon with the help of an increased income.
She is in her 3rd loan cycle and has proved a responsible client of Asasah. In the previous years of loans she has maintained a good credit history and never missed any meetings.
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