She is married with three children: two sons and a daughter. Shazia knows the importance of education. That’s why she has enrolled all of her children in school to get an education. Her husband is 31 years old and deals in scrap. He sells scrap to different factories and other scrap dealers. He is very good at his services.
Shazia has applied for a loan from Kiva partner Asasah for her husband’s business. With the loan, her husband will buy scrap such as used papers, plastic bottles, etc to sell. She hopes that this will help her husband to fulfill his client's orders on time and earn more profits.
She is a regular loan user of Asasah and this is her second loan application. With her previous loan, she proved herself as a responsible client by paying her installments on time and attending 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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