Nazareen's husband, M. A., is a butcher by profession. He has operated a meat selling shop in the community for the past 10 years. He specifically sells goat meat. Due to his agreeable manner and the quality of his meat, he has a good number of customers. Nazareen is a housewife, preferring to stay at home and take care of her household responsibilities. She has a part-time business selling clothes to clients in her community. She purchases clothes from the famous Anarkali market and the Azam cloth market in Lahore and earns a good profit. She does this work to help her husband financially.
Nazareen has applied for a loan from Kiva's partner, Asasah, for her husband’s business. With the loan, he will buy some goats to help him fulfill his customers' orders and earn more profit. Nazareen is hopeful about the positive growth of his business after the loan investment. Nazareen is new lender with Asasah.
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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