Shameem is married and her husband is a driver by profession. She is the mother of a son who is 23 years old. He operates a donkey cart through which he offers loading and unloading services to his clients. Shameem has applied for a loan from Kiva partner Asasah for the betterment of her son’s business. With the loan, he will buy a new donkey cart because his current cart has become rough and can’t bear heavy loads. Shameem is hopeful that by purchasing a new donkey cart, her son will be able to improve his business by providing better quality loading services to his customers. He has been operating his business for many years and Shameem is very hopeful about his business growth after the loan investment. She is a regular loan user of Asasah and this is her second loan application. In the previous loan year, she established a good credit behavior and never missed any meeting.
Note: In the photo, the lady with a book (called Asasah Passbook) is Shameem.
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.