Kalsoom is from Vehari, a small city of Punjab, Pakistan known for agricultural. A very caring lady, Kalsoom stays at home and carries out her responsibilities as a housewife and mother very well. She is fond of cooking and prepares different types of healthy food for her family to make them healthy. Her husband, A. M., runs a grocery shop in the nearby market. His shop is always filled with kids and elders. Kids buys sweets and drinks and elders buy household items. He has been in this business for the past four years and has made good customers and a good reputation. Kalsoom has applied for a loan from Kiva partner, Asasah, for her husband’s business to buy more grocery items for his grocery shop. She is hopeful that this investment will bring positive change to her husband’s business and that his income will improve which will help the family's financial condition.
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.