Shabnum has applied for a loan from KIVA partner Asasah for her clothes selling business. With the loan investment, she will buy clothes in bulk quantity and of different variety. This will allow her to attract different clients and offer them a choice to buy a variety of clothes.
She is a very confident lady and quite sure that she will be able to make her business successful and make it more profitable after investing the loan funds.
Her husband is a property dealer and operates his business from a rented office.
Shabnum has given birth to a son and a daughter. Both of them are enrolled in a local school and getting their education.
She is an experienced business woman and knows the ups and downs of her business very well and also knows the latest trends and fashion in the clothing industry.
She is confident about her business success as a result of the loan investment.
Note: In the photo, the lady holding a book (called an Asasah Passbook) is Shabnum.
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.