In order to financially support her husband, Sughran does embroidery works. She has a number of clients in her local area and earns good income by completing the orders on time. She has given birth to 2 daughters. Her eldest daughter is studying in 5th grade while the younger one stays at home.
Sughran has applied for a loan from Kiva partner Asasah for her husband’s business. With the loan, he will buy wood, nails and a furniture polisher that will enable him to make furniture of different designs for his clients. Sughran is hopeful that an investment will allow her husband to offer a greater variety of furniture to his customers and will enable him to fulfill larger orders on time.
She is a regular user of Asasah and this is her 3rd loan application. In previous loan years, she has maintained a good credit rating and never missed a meeting.
Note: In the photo, the lady who has holds a book (called Asasah Passbook) 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