A talented lady, Bushra also supports her husband financially by doing embroidery. She has a good number of clients in her neighborhood and receives regular orders from them every month, earning a good income. She has 2 sons and a daughter. Her eldest son left school after 8th grade and started working in a factory at a low salary. Her second son is illiterate and her daughter is in 3rd grade.
Bushra has applied for a loan from Kiva's partner Asasah to improve her embroidery business. She will use the loan to purchase embroidery materials such as beads, colored thread, sketches and unstitched clothing in larger quantities to help her make more embroidered clothes to increase her income and sales. She has been operating this business for many years and is hopeful that an investment will return a good profit for her business. Bushra is a regular lender with Asasah and this is her 3rd loan application. In her previous loan years, she has maintained good credit behavior and never missed a meeting.
Note: In the photo, Bushra is raising her hand.
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