Bashiran lives in a small city in Punjab, Pakistan called Kasur. Kasur is famous for its tannery industry. She has been living there with her family in a two-room brick house for the past 10 years. She is 27 years old and operates a utensils-selling business. She does this work to share the financial burden with her husband. She has no child yet; that’s why she spends her spare time doing her household responsibilities. Her brother and sister also live with her and contribute financially by doing work. Both of them are also involved in the same business. Bashiran has applied for a loan from Kiva partner Asasah for her brother who wants to expand his utensils-selling business. With the loan, he will buy utensils of steel and plastic that will allow him to sell in larger quantity and make more profits. He has been operating this business for the past 10 years and Bashiran is confident that a loan investment will bring more profits to him and will expand his business. She is a new loan user of Asasah and this is her first loan application. She hopes that it will be a good experience for her.
Note: In the photo, the lady with a raised hand is Bashiran.
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.