Tahira was married eight years ago and has four children. Two of them are studying and the others stay at home. She wants to enroll her remaining children in school, for which her husband needs to improve his business income because he is the only breadwinner in the family.
Tahira lives with her family in Mian channu, which is a small city located in the Punjab province in Pakistan, known for its agriculture industry. She lives there in a two-room brick house where she moved seven years ago.
She is a new loan user, and this is the first time she has applied for a loan from Asasah. She is hopeful that it will be a good decision for her family's future.
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