Her husband has a low-income job. She has a son and 2 daughters. Her daughters are studying at a nearby school.
Shagufta is very supportive and has applied for a loan from KIVA partner Asasah for her eldest son who operates a grocery store in the market.
With the loan investment, he will buy sugar, spices, and other grocery items in bulk quantity that will allow him to fulfill the needs of his clients and increase his profits.
He started his business recently and Shugafta is hopeful that an investment will help him take his business to a more profitable position.
Note: In the photo, the lady holding a book (called Asasah Passbook) is Shagufta.
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