Allah Rakhi's Group
Allah rakhi is a very caring and supportive lady. She supports her family by selling embroidered clothes. The embroidery business is considered very profitable because people of Multan like to wear embroidered clothes all the time. Allah rakhi specializes in handmade embroidery and is well known among her clients due to the quality of her work and timely delivery of dresses.
She is married to P., who runs a dairy business. He operates his shop in the market where he sells milk and yogurt. Allah rakhi is the mother of 3 sons. All of them are illiterate because they couldn’t get an education due to the poor financial conditions of their parents.
Allah rakhi has applied for a loan from Kiva partner Asasah for her embroidery business. She will utilize the loan to buy unstitched clothes and embroidery items such as beads, colored thread and sketches to grow her business further. She is hopeful that an investment will be profitable for her business, allowing her to serve her clients better and make more income. She is a new loan user of Asasah and this is her first loan application.
Note: In the photo, the lady with a book (called Asasah Passbook) is Allah rakhi.
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