Her husband is a daily wage laborer but also runs his animal sales business which helps him to make extra income. He buys animals from the animal markets at cheap rates, raises them and sells them to the required customers at a good profit. He has been doing this business for the past seven years and has a good knowledge of animal breeds.
Shamshad has applied for a loan from Kiva partner Asasah to improve her husband’s business. With the loan, he will buy some goats for reselling. She is hopeful that through the loan investment, her husband will be able to make good profits, which she will use for the education of her children. She is a regular loan user of Asasah and this is her 3rd loan application. She is a responsible client who has always paid her installments on time in every loan year.
She comes from a city called Khanewal and lives there in a 2-room brick house with her family. Khanewal is a small city located in Punjab province of Pakistan and famous for its agriculture industry.
Note: In the photo, the lady with a book (called Asasah Passbook) is Shamshad.
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