Sughran Bashir Ahmad's Group
Sughran has applied for a loan from Kiva partner, Asasah, for her sons' cobbler business. With this loan, they will buy raw materials such as leather, nails and shoe polish in large quantities, which will help them to finish larger orders on time and make more income.
Sughran is hopeful that this loan investment will help her sons in growing their business and increasing their earnings. She is a regular loan user of Kiva partner, Asasah, and this is her fourth loan application. In previous loan years, she has maintained good credit behavior and attended every meeting.
Note: In the photo, the lady who has holds a book (called the Asasah passbook) in her hands is Sughran.
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