Babara lives in a city named Borewala, famous for its shrines in Pakistan. She doesn’t have any children yet. She is a caring lady and carries out her responsibilities of a housewife well at home.
This is the first time Babara has applied for a loan from Asasah. She is hopeful that with the help of this loan investment, her husband will be able to up-lift his business by increasing his sales, and her family will be able to enjoy better facilities of life and she will return the loan without any problem.
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