Kishwar Tahira's Group
Her husband's name is S. A., and he is involved in a clothing business. He sells clothes through a shop located in the market. He sells specifically ladies' clothes there and manages a good clientele base. Kishwar helps him by selling clothes to ladies in her community. Their good collection of clothes has made them renowned among their customers. Kishwar is an active lady, and carries out her responsibilities as a housewife well and takes care of her family.
She has applied for a loan from the Kiva partner, Asasah, for her husband’s business. With the loan, he will buy clothing of different varieties in bulk quantities. The bulk purchasing will enable him to offer more variety to his customers and will increase his sales. Kishwar is confident that through the loan investment her husband’s business will become more profitable.
Note: In the photo, the lady with a book (called Asasah Passbook) is Kishwar tahira.
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