Abida has 3 sons and a daughter. Her 2 elder sons are tailors by trade and sew men’s clothes. Her third son studies in 2nd standard while her daughter is only 4 years old. Abida has applied for a loan from Kiva partner Asasah for her husband’s business. With the loan, he will buy a new cart because his current cart has gotten rough and rotten from constant use. He can’t put heavy loads in it and, as a result, his business is suffering.
Abida is hopeful that a new cart will help her husband deliver more loads and to provide better services to his clients and make more income. Abida is a new loan user of Asasah. She is very confident that this step will bring good profits to her husband. She lives with her family in the area named Kalar abadi which is located in a city named Gujranwala. Gujranwala is a mid-sized city in Pakistan and known for its rice industry.
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