Mukhtaran is a seamstress, and sews clothes for clients from her community to make profit. She has got great sewing skills and receives regular orders from her clients due to her good quality work. She has given birth to a son and a daughter. Her son is a scrap dealer while her daughter stays at home.
Mukhtaran is very confident that her husband’s business will grow by making a loan investment and that this will allow her family to live better financial life.
Note: "In the photo, the lady holding a book (Called Asasah Passbook) is Mukhtaran."
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