Shazia is married and lives with her husband and two children. Her husband operates a donkey cart and provides loading services to his customers. With his cart he delivers different kinds of items such as construction supplies, furniture, and other goods to their destinations. He is very good at his work and puts all of his effort into providing quality services to his clients.
Shazia has applied for a loan from Kiva partner Asasah for her husband, who wants to buy a new donkey cart because his current cart has become worn and needs replacement. By purchasing a new cart, he will be able to carry more loads and provide better service to his clients. He is very experienced and has been operating his business for many years. Shazia is hopeful that a loan will help him to improve his business and will increase his profits.
Note: In the photo, the lady holding a book (called the Asasah Passbook) is Shazia.
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