Ghulam Fatima's Group
Ghulam Fatima herself is a caring lady who prefers to spend her time at home managing the household chores and taking care of her family. She is an uneducated lady but wants to give her school-going children a good education so they never face the problems which she faces in her life and to make their lives better for the future.
Ghulam Fatima has applied for a loan from Kiva's partner, Asasah, for her husband’s business. With the loan, her husband will buy groceries for his grocery shop. She hopes that this investment will change her husband’s business condition from good to better and his household income will be increased. She is a new loan applicant of Asasah and plans to work with Asasah on a long-term basis.
In the photo, group member Bashiran is displaying a shawl from her shawl-selling 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.
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Success!! The loan was 100% repaid