Yasmeen Muhammad Ameen's Group
Yasmeen is a scrap dealer. She operates her business from home and sells different items such as iron, plastic bottles etc. She is also a very good housewife and carries out her household responsibilities very well. Yasmeen's husband sells crockery from a shop in the market. His younger brother also works with him and supports him in his business. His shop sells all sorts of crockery such as plastic, steel and glass.
Yasmeen has applied for a loan from Kiva partner Asasah to improve her husband’s business. With the loan, he will buy crockery in bulk to sell through his shop. Yasmeen is hopeful that the loan investment will be helpful for her husband and will increase his monthly profit. She is a regular loan user of Asasah and this is her second loan application. In her previous loan year, she had good credit behavior and never missed a meeting.
Note: In the photo, the lady with the book (an Asasah Passbook) is Yasmeen.
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