She is 44 years old but she is a very active lady. She performs the duties of a seamstress in her community. She has been doing this work for over five years and earns approximately $36 every month.
Bilquis has two children, one son and one daughter. Her son is 22 years old and works in a local factory for a monthly wage, and her daughter is 15 years old and stays at home where she manages the domestic chores. Her husband is an electrician who runs an electric shop in the community where he sells electrical supplies such as wires, tube lights and bulbs. He has been running this shop for the last twenty-six years.
Bilquis has repaid her first loan to Asasah (a micro-finance institute in Pakistan). Now she is applying again for a loan to buy electrical supplies to expand her husband’s business.
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