Fozia Bibi's Group
Fozia herself is involved in clothes sales business. She is expert in her business. She buys clothes from different cities and markets and sells to her required customers. Her clientele base is her community people and cloth shop owners. She keeps herself updated about the latest trends in fashion which helps meet her clients’ orders.
Her husband is a very honest person and runs a scrap business in the market. Due to his fair dealing and good behavior it helps him put three meals on the table for his family.
Fozia bibi has requested for a loan from Kiva partner Asasah for her own business. She will invest the loan in buying of clothes in larger quantity of different variety for selling. She is very confident that the loan investment will bring positive financial changes to her business.
Note: “In the photo, the lady with a book (called Asasah Passbook) is Fozia bibi”.
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