Rout lives in Khanewal, which is a small city of Pakistan, known for its agriculture industry. She has lived there in a 2-room brick house with her family, in the area of Shanty Nagar, for the past 15 years. She is a mother of 4 sons. Her eldest son is a rickshaw driver and provides transport services to his passengers. The remaining children are young and are at home. Rout is also a very good mother and housewife. She is raising her children with great care and discipline. She couldn’t provide them an education due to financial constraints. She prays to GOD that they will get some source of income in the future. She is a regular loan user of Asasah, and this is her 3rd loan application. In previous loan years, she has maintained a good credit behavior and never missed any meeting.
Note: “In the photo, the lady holding a book (called Asasah Passbook) is Rout”.
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