She is very supportive and performs her routine tasks very well.
She has given birth to four children, three of whom are studying while youngest one stays at home.
Her husband sells shoes. His shop is in the market -- he sells good quality shoes at low prices.
Shaista has applied for a loan from KIVA's partner, Asasah, for the further expansion of her husband’s shoe business. With the loan he will purchase shoes of greater variety and in larger quantity that will allow him to make more sales and profits.
He is very experienced in his business and has been running it for the past many years. Shaista is very confident about the success of her husband’s business as a result on this investment.
Note: In the picture, the lady who has raised her hand is Shaista.
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