Nasreen is the mother of four children. She well knows the importance of education and wants to give quality education to her children. That’s why all of her children are getting an education in school.
Nasreen lives with her family in a city called Borewala in Pakistan where her husband runs a small restaurant. He serves tea and different kinds of Punjabi foods such as Nan chanay (famous Punjabi dish which made by chick peas and served with bread), kababs and lentils to his clients to make income. He has been running this business for over fifteen years and was the only breadwinner of his family before Nasreen's financial support. By presenting good quality food he has been able to improve his clientele base. He earns approximately 10,000 to 12,000 PKRs in profit.
Nasreen has applied for her third loan from Asasah for her husband. With the loan, he will buy in bulk required items such as lentils, cooking oil, potatoes and spices to increase his sales. Nasreen is sure that, as a result of the increased income, she will be able to enjoy a better standard of living and will repay the loan with no problems.
Nasreen maintained a good credit behavior in the last two years and didn’t miss a single meeting.
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