She has been living in Jaranwala for many years with her family in a 2-room brick house. Jaranwala is a small city of Punjab, Pakistan and known for its agriculture industry. Besides her business, she also carries out her responsibilities as a housewife very well. She has given birth to four children. Her eldest son helps her in her business. The 2nd one works n a shoe factory while her daughters stay at home. Due to financial constraints, Kaneez couldn’t educate her children.
Her husband’s name is A. A. and he sells buffalo milk to his community clients. Kaneez is a regular loan user of Asasah and this is the 4th time she has applied. In previous loan years, she has proved herself to be a responsible client by paying her installments on time and by attending every meeting. She is hopeful that an investment will bring more profits to her and improve her business to great extent.
Note: In the photo, the lady with a book (called Asasah Passbook) is Kaneez.
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