Her husband is a salesman and supplies toffees, candies, bread etc. to different general and grocery stores of the city.
Shahnaz has three sons and two daughters. Her eldest son has an auto-repair business and her daughters are studying. Her remaining two sons stay at home.
Shahnaz has applied for a loan from Kiva partner Asasah for the improvement of her son's business. With the loan investment, he will buy tools to offer better auto-repair services to his customers and increase his profits.
He has been operating his business for many years and Shahnaz is hopeful that a loan investment will help him make more profits from his business.
Note: in the photo, the lady holding a book (called Asasah Passbook) is Shahnaz.
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