Shahida Perveen's Group
Her husband is a loader by profession. He uses a donkey cart to deliver items such as fruits & vegetables to designated places. He has been doing this work for over five years. Shahida also operates an animal food selling business. She prepares animal food by receiving orders from her neighbors because her community people are involved in livestock businesses. She and her husband both use their income to meet the expenses of the family and to improve their financial situation.
Shahida has applied for a loan from Asasah (a microfinance institute in Pakistan) for her husband. With the loan he will buy a new donkey cart because the old cart has become rough and rotted in different areas, causing its cargo to fall out. She is hopeful that the new donkey cart will help her husband do his work better and make better profits.
Note: she shows her cutter in this picture which helps her prepare animal food.
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