She has applied for a loan from Kiva partner Asasah to improve her clothes-selling business. She operates her business from her home. Through the loan, she will buy clothes in bulk quantity which will not only allow her to offer more variety to her clients but also minimize her cost of travelling as a result of bulk purchasing.
She has given birth to two sons. Both of them left their education after matriculation and started doing jobs to support the family financially.
Bashiraan is a regular loan user of Asasah and this is her 2nd loan application. In previous loan year, she established a good credit record and never missed any meeting. She belongs to Arifwala which is a small city of Punjab, Pakistan and known for its dairy industry. She has been living there for the past 21 years.
Note: In the photo, the lady with a book (called Asasah Passbook) is Bashiraan.
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