Shafqat Munir Ahmed's Group
A very caring lady, Shafqat carries out her responsibilities as a housewife and takes care of her family. She is married to M. A. who is a carrier by trade. He loads different items such as fruit, vegetables and construction supplies on his donkey cart and drops them to designated places. He has been offering his loading services to his clients for the past five years.
Shafqat has applied for a loan from Kiva's partner, Asasah, for her husband’s business. With the loan, her husband will buy a new donkey cart because the old cart has become rough and rotted in different parts which makes him unable to load items onto it and this is affecting his work. Shafqat is hopeful that her husband will successfully retain his customers by providing them good loading services.
Note: In the photo, Shafqat is the lady who is holding a book (called an Asasah Passbook) in her hands.
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