Sughran is married to M. Y. who operates a shop selling vehicles tires. He has ten years of experience in this business and he knows the ups and downs of it very well. Sughran has applied for a loan from Asasah to financially assist her husband who wants to expand his tire-selling business. With the loan, he will buy tires of different brands and for different vehicles to sell in his shop.
Sughran believes that this investment will bring a positive change in her husband’s business and he will certainly increase the income of his business. Sughran is a new loan applicant of Asasah and is hopeful that it will be a productive experience for her and for her family as well.
In the photo, Sughran is the lady who is holding a book (called her Asasah Passbook) in her hand.
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