Her husband’s name is B. A., and he has a milk- and yogurt-selling business. He operates his shop in the market, and people like buying from him due to his good quality products and services. He also has a second business selling goats to butchers after raising them up. For this purpose, he has six goats at home.
Fatima has given birth to three sons and three daughters. All of them attend school, except the youngest son, who is only three years old.
She has applied for a loan from Kiva partner Asasah for the improvement of her husband’s business. With the loan, he will buy more milk and prepare more yogurt from it to sell.
She is confident that, by using his 20 years of experience in his business, he will successfully be able to improve his sales and earnings. This is Fatima’s third loan application. She has always paid her installments on time and never missed a single meeting. She lives in Samundri, which is a small city located in Punjab Province of Pakistan and known for its agriculture industry. She owns a three-room brick house there and has been living in it with her family for many years.
Note: In the photo, the lady holding a book (called Asasah Passbook) is Fatima.
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