Bilqees Sardar Masih's Group
Bilqees is a housewife as well as a working woman. To support her family financially, she operates a business selling shawls. She buys them from Multan (famous for its clothes) and sells them to customers in her local area. Her customers include clothes shop owners and people from her neighborhood.
Bilqees' husband is a government employee on a meager income and her only son works in a factory. Her sons left education after 5th grade due to poor financial conditions and the commencement of his factory work.
Bilqees has applied for a loan from Kiva partner, Asasah, for her shawl business. With the loan, she will buy shawls of different kinds (such as simple, colored and embroidered) in large quantities because the winter season is near and demand for shawls will become high. She is hopeful that her business will have a bright future and that investment will do her business a lot of good. Bilqees is a regular loan user of Asasah and this is her third loan application. In previous years, she has maintained good credit behavior and has never missed a meeting.
Note: In the photo, the lady who has holds a book (the Asasah Passbook) is Bilqees.
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