Hajra Muhammad Ahmad's Group
Hajra’s husband operates a clothes-selling business. He purchases clothing from Multan, which is famous for its clothes and embroidery industry, and sells his inventory to local clients and shopkeepers for a profit. Hajra is applying for her second loan from the Kiva partner Asasah so that her husband can expand his business. He will buy bulk clothing of different varieties to improve his inventory and reduce his travel costs.
Hajra is a responsible Asasah client who has repaid her previous loans efficiently. In this photo, Hajra is shown holding her Asasah Passbook.
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