Shameem herself is a seamstress and sews clothes for her neighboring clients to financially support her family.
Shameem has applied for a loan from Kiva partner Asasah for the expansion of her husband’s business. He makes hard paper boxes.
With the loan, he will purchase hard paper and gum in larger quantity for preparing boxes in larger number and increase his profits by selling them.
He is very experienced in his business and Shameem is confident that his business will be in a better position after the loan.
She is confident about the bright future of her family as a result of a loan investment
Note: In the photo, the lady holding a book (called the 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.
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Success!! The loan was 100% repaid