She is the mother of four children: three sons and one daughter. All of them support her in her carpet weaving business. They all complete a carpet in one and half months and then earn approximately $420 to $480 by selling it in the market. This amount helps them to improve the family's standard of living.
Naseem is applying for a loan from Asasah to purchase the required items (such as threads and tools), so they can complete the carpet which they have started.
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