Jia supports her family by selling clothes. She purchases clothes from the famous clothes markets of Lahore called “AnarkA.” and “Azam market” and sells to her local area clients. She operates this business from her home and earns a good income every month. Besides her business, she also gives the proper time to her household activities and makes the utmost effort to provide comfort to her family.
She has applied for a loan from Kiva partner Asasah for her clothes selling business. With the loan, she will buy clothes of different variety in bulk quantity. She expects that her business will improve after the loan investment and she will be able to make more sales and profits by offering more varieties of clothes to the clients.
She is a regular loan user of Asasah and this is her 6th loan application. In previous loan years, she has maintained a good credit behavior and never missed any meetings.
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