Tasleem is a very supportive woman who assists her husband financially by sewing clothes for her neighborhood clients. She receives regular orders from her community ladies and fulfills them on time to earn an income.
She belongs to a small city of Punjab, Pakistan called Khanewal. She has been living there in a 2 room brick house with her family for the past 15 years.
She is the mother of a daughter and 4 sons. Her eldest son is a rickshaw driver while others are enrolled in a local school and getting their education.
She has applied for a loan from Kiva partner Asasah for the betterment of her sewing business. Through the loan, she will buy a new sewing machine that will help her finishing the orders on time and produce quality work.
She started this business 3 years ago and hopes that an investment will help her by making her business even better. She is a regular loan user of Asasah and this is her 3rd loan application. In every loan year, she has maintained a good credit record and attended every meeting.
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