She is a working woman who makes and sells chingairs (a kind of tray to keep bread in it). She makes the chingairs with thick rope and sells it in neighboring areas and in the markets as well. She learned this skill from her mother and now she is taking advantage of it by running her own business. She does this work to share the financial burden with her husband.
She is married to M. A. who runs his own medicine shop in the market where he sells medicine to his customers. He has been running the shop for the past five years. He also supplies medicines to the medical clinics and earns a good profit on it.
Nasreen has applied for a loan from Kiva partner Asasah for her husband’s business. With the loan, her husband will buy medicines in bulk and increase his sales.
She is hopeful that her husband will be able to expand his business and provide all kinds of medicines to his customers.
Note: In the photo, the lady who is raising her hand is Nasreen.
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