Sabra resides with her family in a 2-room brick house in the area of Shakr Gunj which is a small residential area in the city of Pakpattan. Pakpattan is a small city in Punjab, Pakistan, known for its agriculture. Her husband’s name is N. A. and he operates a fruit-selling business. His shop is located in the market and he offers good quality fresh seasonal fruit to his customers to earn income.
Sabra has two sons and a daughter. All of them work to financially contribute to the family. Her elder son has a construction supplies business while the younger one works in a bicycle repair workshop. Her daughter sews clothes for her neighboring clients.
Sabra has applied for a loan from Kiva partner Asasah for her husband’s business. He will utilize the loan to buy fresh seasonal fruit that will help him sell more and increase their earnings. He has been operating this business for the past 15 years and Sabra is hopeful that an investment will be a profitable one for him and will bring more profits in result.
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