Shakila is also a seamstress and offers her services to her neighboring clients on reasonable rates. Her good stitching helps her in getting more orders every month which allows her to manage the household expenses.
She has given birth to two sons and a daughter. All of them are enrolled in a local school and are getting their education.
Shakila has applied for a loan from Kiva partner Asasah for the betterment of her clothes sewing business. With the loan, she will purchase a new sewing machine that will allow her to complete the orders in a shorter period of time and make more income. She has been operating her business for the past 15 years and is very much sure that after the loan investment she will be able to operate her business better and improve the living standard of her family as a result.
Note: In the photo, the lady with a book (called Asasah Passbook) is Shakila.
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