Shahnaz Munir Masih's Group
She lives with her husband and children in the area called Mughalpura. She owns a two-room brick house there. She is married to M. M. who has a business selling construction supplies. He has done this work for the past eight years and is well known for the quality of his supplies.
Shahnaz has applied for a loan from Kiva partner, Asasah, for her husband’s business. With the loan amount, her husband will buy construction supplies such as cement, sand and bricks in bulk quantity which will help him to fulfill larger orders on time and double his income. Shahnaz is hopeful that this investment will become profitable for her husband’s business and he will successfully upgrade his business on a larger scale.
Note: In the photo, Shahnaz is the lady who is raising her hand.
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