Kishwar is a housewife but she also does an embroider works as part time to financially support her husband.
Her husband’s name is M. K. and he is a janitor of a company on low income.
Kishwer is the mother of five sons. Her elder son is a plumber by profession while others are below 15 years of age, stay at home and don’t do anything.
Kishwer was unable to provide education facilities to her children due to financial constraints. She hopes that her remaining children will also get job once they become older enough to support the family financially.
She has applied for a loan from Kiva partner Asasah for the improvement of her embroidery business. With the loan, she will buy embroider material such as beads, colored thread, clothes in bulk which will help her completing the orders on time and earns good.
She is a regular loan user of Asasah and this is her second loan application. In previous loan year, she has established a good credit behavior and never missed any meeting.
Note: “In the photo, the lady with a raising hand is Kishwer”.
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