Shazia Ibrar's Group
Shazia's husband's name is I. and he has an electrical goods shop in the market where he sells different electrical items such as irons, televisions and ovens to his customers. They live in Lahore which is the second largest city of Pakistan and is known for its culture and history.
Shazia has applied for a loan from Kiva's partner, Asasah, for her husband’s business. With the loan amount, her husband will buy electrical items such as irons, televisions and ovens to sell in his shop. By having more electrical items in his shop, his business will definitely grow towards success which will help their family to improve its standard of living.
Note: In the photo, Shazia 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