Bushra belongs to a city called Lahore, the second largest city in Pakistan. She is a 45-year-old lady who owns a small house with two rooms in the area named Mughalpura. She is the mother of six children. Her first three sons operate a dairy business in a market. They own a dairy shop and serve a good clientele base. They have been in this business for the last five years. Presently, they have two buffalos who give them 20kg milk per day and they sell 1kg milk for 45 PKRs, which has become the standard amount in every city. The remaining two sons and a daughter are illiterate, stay at home and don’t do anything. She supports her family financially by selling clothes. She purchases clothes from the wholesale markets in Lahore named “Ichra and AnarkA.” and sells them to her local area. Her earning allows her to pay for the utilities. Her husband's name is A. A. and he is a daily-wage labor. She has applied for a loan from Kiva partner Asasah for her son’s business. With the loan, they will buy another buffalo and increase the milk production for their dairy business. Bushra is hopeful that her sons will be able to expand their business and increase their income. She is a new user of Asasah and hopes that it will be a good and profitable experience for her son's business.
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.