She lives in Kamoki, which is a small city of Punjab, Pakistan, and is known for its agriculture industry. She lives there with her family in the area named Mor Amenabad, in a 2 room brick house. She came here 20 years ago. She has 2 daughters and 2 sons. Her daughters are studying while her sons help their father in his business.
Bushra’s husband is involved in a bread-making & selling business. He has a tandoor (a kind of oven made with sand, which burns wood in it) in the community in which he makes bread for his customers and earns income. He sells each bread loaf for PKRs 5, which is almost the same price in every city.
Bushra has applied for a loan from Kiva partner, Asasah, for her husband’s business. With the loan, he will buy wood and flour in bulk and increase his sales. He has been doing this business for the past 10 years, and Bushra is very confident about the growth of his business in the future.
She is a regular loan user of Asasah and this is her 3rd loan application. In previous loan years, she has proved herself a responsible client who always paid her installments on time and never missed a single meeting.
Note: “In the photo, the lady with a book (called Asasah Passbook) is Bushra”.
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