Yasmeen is married to S. M. who has a business selling wheat and rice. He deals in bulk sales and earns a good profit from his business. He is the only earning person in his family. She is the mother of three children. All of them are enrolled in a local school and getting their education. Yasmeen takes care of them very well and tries to give them comfort by fulfilling their needs.
She has applied for a loan from Kiva partner Asasah for her husband who has a larger order to fill. Through the loan, he will buy wheat and rice in bulk quantity which enable him to fill the order on time and receive good profit. S. has been operating this business for the past 10 years and Yasmeen is confident that an investment will help him growing his business further.
She is a regular loan user of Asasah and this is her 4th loan application. In previous loan years, she has maintained a good credit behavior and never missed any meeting. She belongs to a small city called Arifwala which is located in Punjab, Pakistan and known for its dairy industry.
Note: In the photo, the lady with a book (called Asasah Passbook) 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.