Hafeez is also a sewing expert and works for her clients in the neighborhood. She is very fond of sewing and makes beautiful clothes that earn her reasonably good profits. She started this sewing business because she wanted to save some money for her children's future. Her husband is a driver by profession and provides transport services to his passengers. Hafeez has given birth to five children. All of them are enrolled in a local school and are getting their education.
Hafeez has applied for a loan from Kiva partner Asasah for the further improvement of her agriculture business. With the loan, she will purchase another buffalo. This will allow her to earn greater profits from her business. Hafeez is very experienced in her business and has been operating it for many years. She is confident that a loan will help her improve the living standards of her family by increasing her profits.
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