She is 40 years old, married to R., and has a daughter who is 16 years old and stays at home. Shamshad couldn’t provide her education fees due to the poor financial conditions of her family. She is a great wife and mother. She manages her household responsibilities as a mother and wife very well.
He husband owns a small piece of land where he grows different seasonal crops. He is a very hard worker and works 8-12 hours a day.
Shamshad has applied for a loan from Kiva partner, Asasah, for her husband. With the loan, he will buy fertilizers and seeds to grow crops on his land. Shamshad is hopeful that her husband will be able to increase his crop production and will earn more profits.
She is a regular loan user of Asasah, and this is her 2nd loan application. In the previous loan year, she established a good credit behavior and never missed any meeting.
Note: “In the photo, the lady holding a book (called Asasah Passbook) is Shamshad”.
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