Her husband’s name is M. S., and he is a rickshaw driver. He provides transport services to his clients. She is the mother of 2 daughters and a son. Her son works in a private organization and her daughters are studying in a local school.
Zahida operates a clothes business to financially support her family. She buys clothes from AnarkA., which is a famous clothes market of Lahore, and sell to her customers and generates good income.
She has applied for a loan from Kiva partner, Asasah, for the betterment of her embroidery business. With the loan, she will buy embroidery material, such as beads and colored thread, and clothes in bulk, which will allow her to fulfill the orders on time and make extra profits.
She has been operating this business for the past 20 years and hopes that it will grow further after making an investment in it.
She is a regular loan user of Asasah and this is her 3rd loan application. In previous loan years, she has maintained a good credit behavior and never missed any meeting.
Note: “In the photo, the lady who is showing her embroidered dress is Zahida”.
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