Sajida Perveen's Group
Sajida is the mother of three daughters and three sons. She knows very well the importance of education, and all of her children are literate. Her eldest daughter has completed her BSC degree and joined the nursing profession, while her elder son works with his father in his business. He has also completed his education through the 10th standard. Her remaining four children are currently in school.
Sajida has applied for a loan from Kiva partner Asasah to help further the expansion of her husband’s business. He will use the loan to purchase used clothes in bulk. Doing so will allow him to offer more variety to his customers, thereby increasing his sales and profits.
Sajida's husband is very experienced in his business and has been operating it for many years. Sajida is hopeful that the loan investment will improve it further.
Note: In the photo, the woman holding a book (called Asasah Passbook) is Sajida.
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