Shakeela lives in Lahore, Pakistan's second largest city, famous for its food and culture. She lives with her family in a 2-room brick house in the area of Yadgar. Life is not easy in a big city as the cost of living is getting higher and higher every day, which leads to continuous efforts to improve business conditions to meet the needs of daily life. Therefore, Shakeela has applied for a loan from KIVA's partner Asasah to improve her clothing sales business. She plans to use the loan to buy a variety of clothes in bulk. This will help her offer more variety to her clients and to make more sales. She is hopeful that an investment will improve her business conditions and bring good changes to her family’s financial life.
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