Shamshad is a 36-year-old lady. To support her family financially, she operates a business sewing clothes. She is very skillful in her work and receives regular orders every month due to her good quality work. In addition to her clothes sewing business, she also manages her household work very well.
She is married with four children. All of them are enrolled in a local school and getting their education. Her husband operates a grocery store in the community market. At his store, he offers daily use items like sugar, cooking oil, spices etc to his clients at cheap rates.
She has applied for a loan from Kiva partner Asasah for the expansion of her husband’s grocery store business. With the loan, he will put more groceries in his store, which will allow him to fulfill the demands of his clients and earn extra profits. Shamshad is hopeful that an investment will grow her husband’s business and allow her family to enjoy better living facilities.
She is a new loan applicant and this is her first loan application to Asasah.
Note: In the photo, the lady raising her hand is Shamshad.
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.