Shameem Iqbal Masih's Group
Shameem is a housewife. She plays the role of a mother and a wife very well. She has given birth to two daughters and a son. Both her daughters work in people’s homes earning a small income. They do different kinds of household work like washing clothes and washing dishes. They work to contribute to their family financially. Her son is 17 years old and doesn’t currently work.
Shameem has applied for a loan from Kiva's partner, Asasah, for her husband’s business. With the loan amount, her husband will buy some fresh seasonal fruits to re-sell. Shameem is hopeful that by investing the loan amount in her husband’s business, his income will grow through increasing sales. She is a regular borrower from Asasah and this is her third loan application. With her previous loans, she has proved to be a responsible person who has paid her installments on time and has never missed a meeting.
Note: In the photo, Shameem 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