Shazia lives in the city of Lahore which is the second largest city in Pakistan. She owns a small house made up of two rooms in an area called Mughalpura and lives in it with her family. She is a mother of two sons and a daughter. Her elder son works in a bakery and her daughter does embroidery work at home.
Her youngest son reads at 10th standard level. Shazia couldn’t educate her elder children due to financial constraints, but she wants her youngest son to complete his education and get a good job because now her two kids are helping to support the family financially.
Shazia supports her family by selling clothes. She operates her business from her home. She has a good number of clients and she makes a reasonably good income every month. She buys clothes from different cities such as Faisalabad and Multan for their cheap rates and good designs and sells them to her neighbors in the community.
With the loan amount her husband will buy flour in larger quantities which helps him to make more bread and to increase his selling. Shazia’s husband has had this business for the past 20 years and she is hopeful that her husband will be able to successfully uplift his business by making this investment into it.
Note: In this photo, the lady who is raising her hand is Shazia.
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