She has given birth to three children: two sons and a daughter. Her eldest son and daughter are in the 10th grade while her younger son is in the 8th.
Saeeda has applied for a loan from Kiva partner, Asasah, for her husband’s business. With the loan amount, her husband will buy a rickshaw. Currently he drives a rented rickshaw which doesn’t make enough income for him even if he works harder and longer.
Saeeda hopes that her husband will be able to increase the household income and that he will work harder and with more dedication being the owner of his own rickshaw.
She is a regular user of Asasah and is in her 2nd loan cycle. In the previous loan year she has proved herself a responsible person who has never missed any meeting and paid installments on time.
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