Her husband runs a stationery shop in the market, where he sells books, notebooks, pencils, ballpoint pens, etc. His shop is well-known in the area because he keeps all the necessary items in his shop to fullfil the timely needs of his customers.
Shahida herself is a seamstress, sewing clothes for her neighboring clients on order. She learned this art of sewing from a sewing school at an early age and became an expert by much practice. Due to her good quality work, she receives regular orders every month. She is the mother of 3 sons and 2 daughters. All of them are studying by attending a local school.
Shahida has applied for a loan from Kiva partner Asasah to financially assist her husband in his stationery shop business. With the loan, he will buy the stationery items in bulk quantity, which will help him make more sales and income. Shahida is hopeful that by investing a loan in his stationery business, her husband will successfully be able to grow his business, which will help her family to live a better standard of life.
She is a new loan user of Asasah and this is her first loan application.
Note: In the photo, the lady with a book (called the Asasah Passbook) is Shahida.
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