Perveen Muhammad Arif's Group
Perveen's husband is M. A.. He is a washerman and runs a laundry business in the community. Perveen and her eldest son also help A. in his business. It has become their family business. M. A. is very good at his work. He is known among his customers for his good customer service and the quality of his work.
Perveen is also a very good housewife. She fulfills her household responsibilities very well. She has applied for a loan from Kiva partner Asasah for her husband’s laundry business. With the loan, he will buy an iron for pressing clothes and washing items such as washing powder and bleach etc. to provide better quality services to his customers and earn good profits. He has been operating his business for ten years and Perveen is hopeful about her family’s bright future. She is a new loan user of Asasah.
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