Shahnaz Bano's Group
She is a house wife as well as a working woman who runs a sewing business. She operates her business from her home. She takes orders from nearby areas and completes the orders on time to earn profit.
Her husband name is M. S. who has a business of selling fruits. He gets up early in the morning and puts the fruits on his cart and leaves his home for selling. He visits different streets in the community and sells fruits by announcing his products in a loud voice. Shahnaz also helps her husband by cleaning the fruits with water and arranging them on the cart.
Shahnaz has applied for a loan from Asasah for her husband’s business. With the loan amount he will buy seasonal fruits in large quantity.
She hopes that this investment will prove successful for her husband’s business and he will be able to increase his income.
Note: “In the picture, the lady who holds a book (called Asasah passbook) in her hand is Shahnaz bano”.
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