Nazar Mai Muhammad Shafee's Group
She is a seamstress by profession. She supports her family by sewing clothes for her neighboring clients. She is a very active businesswoman and keeps herself up to date about new and coming fashions. The advantage of keeping up to date herself about new fashions is she easily understands her customers' demand for dressing and designs. Her business is going well and making her a good income every month.
Her husband's name is M. S.. He operates a grocery shop in a nearby market, where he sells the usual grocery items to his clients. As the days are passing, he is facing tough competition with other shopkeepers because of their variety of products.
Therefore, N. has applied for a loan from Kiva partner Asasah for her husband’s business. With the loan amount, her husband will buy grocery items such as lentils, cooking oil, spices and rice for his grocery shop and increase his sales.
N. is hopeful that her husband will be able to re-establish his business on a large scale and fulfill the needs of his customers.
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