Tahira is 31 years old, is married to M. A., and has a 3-year-old daughter who has not yet started to attend school. She supports her family financially by selling clothes. She purchases clothes from Lahore and sells to her local area clients.
Tahira has applied for a loan from Kiva partner Asasah to expand her business. With the loan, she will buy clothes in bulk. This will not only cut her cost of traveling but also allow her to offer more variety to her clients and make more profits. She is hopeful that this investment will put her business into a more profitable position.
Tahira is a regular loan user of Asasah's and this is her 2nd loan application. In the previous loan year, she has established a good credit behavior and attended every meeting.
Note: In the photo, the lady with a book (called Asasah Passbook) is Tahira.
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