Bushra is a housewife who stays at home and does her household responsibilities. She has four children and all of them are enrolled in a local school and getting their education. She is married to A. A., who sells crockery. He operates his business on a four-wheeled cart and sells by visiting different places of the city.
Bushra has applied for a loan from Kiva partner Asasah to expand her husband's business. Through the loan, he will buy crockery of plastic and glass in bulk quantity to sell to more customers and to earn better. Bushra is hopeful that an investment will help him run his business better and increase his profits. He has been running this business for the past five years and Bushra has a lot of confidence in him.
She is a regular loan user of Asasah and this is her third loan application. She is a very responsible loan user and has maintained a good credit record by paying her installments on time.
Note: In the photo, the lady with a book (called Asasah Passbook) is Bushra.
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