Tahira Jabeen's Group
Her husband’s name is A. A. and he is a rickshaw driver. With his rickshaw, he provides transport services to his passengers and to school children. She has applied for a loan from Kiva partner Asasah for her husband who will utilize the loan to repair his rickshaw engine. With a fully repaired rickshaw, he will be able to provide improved transport services to the passengers and earn better profits. Tahira is hopeful than an investment will help him save his business asset and improve his business condition. She is a new loan applicant and this is her first loan application to Asasah.
Note: In the photo, the woman with a book (called Asasah Passbook) is Tahira Jabeen A. A.
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