Yasmeen comes from Faisalabad which is an industrial city of Pakistan and famous for its textile industry. She lives there in a 2-room brick house in the area of Mariam Abad where she moved 10 years ago with her family. She has two sons. Both of them are illiterate and couldn’t get education due to financial constraints.
Yasmeen is a very good mother and housewife. She takes care of her family very well by fulfilling their needs on time. Her husband has three years of experience in his business and Yasmeen is hopeful that an investment will prove beneficial for the future growth of his business.
She is a new loan user and this is her first loan application to Asasah.
Note: In the photo, the lady raising her hand is Yasmeen”.
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