Fatima Muhammad Yaseen's Group
Her husband's name is M. Y.. He is a butcher by trade and operates his own butcher's shop in the market where he deals specifically in chicken meat. He earns well on a daily basis but his business is greater on occasions. He has a good clientele base and serves them with good fresh meat.
Fatima has applied for a loan from Kiva's partner, Asasah for her husband’s business. With the loan amount, her husband will buy the chickens in larger quantity and increase his selling.
Fatima remains worried about her children's future but she thinks that she will be able to provide them with better living facilities if her husband's business improves.
Note: In the photo, the lady who is raising her hand is Fatima.
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