She is the mother of seven sons. She couldn’t provide an education to her elder sons, but now they have started doing work and through their financial support, she has been able to enroll her three younger sons in school. She wishes that they could complete their education and make their future bright and never suffer the same problems their elder brothers have faced in their lives.
Her husband, G. N., is involved in selling bakery items. He collects orders from different bakeries and supplies them the baked items such as fruit cakes, bread, biscuits, etc., to earn an income for the family.
Nasreen has applied for a loan from Kiva partner Asasah for the improvement of her husband’s business. He will buy bakery items in bulk with the loan and fulfill his larger orders 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