Hajra shares the financial burden with her husband by selling shawls (item of clothing, loosely worn over the shoulders). She receives orders from her neighborhood clients and completes their orders by providing them shawls of different qualities. She purchases these shawls from the city of Lahore where she visits once a month.
She has three sons and four daughters. Her eldest son makes shoes. He learnt this art from a person in his community. He worked with him for three years and now he operates his own business. Her first two daughters help her in operating her shawl-selling business. Others are studying, attending a local school.
Hajra has applied for a loan from Kiva partner Asasah for the improvement of her son’s business. With the loan, he will buy leather, nails and shoe polish to make shoes in larger quantity. Hajra is very confident that her son’s 5 years of experience in his business will help him earn better profits after the loan investment and she will be able to save some of the profit to marry off her daughter in the near future. She is a new loan applicant of Asasah and hopes that it will be profitable experience for her.
She lives in Kasur which is a small city of Punjab, Pakistan, famous for its leather industry. She lives there in a small home which contains two rooms, in the area of Jamatpura.
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