Majeedan lives Multan, an historic city in Pakistan. She has lived in the area of Ghouspura with her husband since she got married. She is the mother of three sons and a daughter. Her children couldn’t complete their education and had to start work in their teens. Her husband has a business making and selling bed-sheets and his three sons assist him in his business. Majeedan is a seamstress and stitches clothes for her neighborhood clients to earn a living for her family. She has applied for a loan for the third time from Asasah for her eldest son. With the loan, he will buy threads in bulk and start his own bed-sheet business because he has acquired enough knowledge and feels that he can run his own business well. In this way they can all earn good profits and change the living standard of their family. Majeedan hopes that she will be able to marry her daughter within a few years by collecting the dowry required from the profits of her family business. She has proved to be a very responsible borrower and always attends meetings on time.
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.