A very talented and caring lady, Jamila owns a clothes-selling business. She purchases clothes from Multan and Lahore (famous for its textiles) and sells them in her native city of Borewala. Her clientele base is her neighborhood. She specifically sells ladies clothes. She has now started selling shawls (worn by women over the shoulders or head) as well. She does this work to make her family’s life easier.
Her husband's name is W. A. and he is a driver for a trade. He has driven a rented rickshaw for the last three years. She is hopeful that this investment will prove helpful for her husband’s business. He will be able to drive as much as he wants and increases his income without paying rent.
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