Sheema belongs to Depalpur, a small city of Punjab, Pakistan, known for its agriculture industry. She has been living there in a two-room brick house with her family in the small colony named Fazal Elahi for the past 12 years.
She has two sons and a daughter. Her sons had to leave their education early to support the family financially. Her elder son is also a tailor, while her younger son is a bus conductor. Her daughter is getting religious education.
Sheema has applied for a loan from Kiva partner Asasah for the improvement of her husband’s tailoring business. With the loan, he will buy an over-lock machine (a machine to sew over the edge of one or two pieces of cloth for edging). This will enable him to offer this service to his customers. In the past, for this work they used to approach other tailors who had over-lock machines.
Sheema is a regular loan user of Asasah and this is her third loan application. In previous loan years, she has proved herself a responsible client who always paid her installments on time and never missed a single meeting.
Note: In the photo, the lady holding a book (called Asasah Passbook) is Sheema.
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