Khalida and her family live in a small city named Okara located in Punjab Pakistan. She supports her family by doing sewing work for neighboring clients. Khalida has five sons and two daughters. Her eldest son is a motorbike mechanic and the others attend school.
She is a regular loan user of Asasah with a good credit record. This is her third loan application.
Note: The lady with a book in hand is Khalida.
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