She is a mother of a daughter who is studying in 5th grade. She is very dedicated and sincere with her family and work and gives the required time and attention to them.
She has applied for a loan from Kiva partner, Asasah for her embroidery business. With the loan, she will buy embroider items such as beads, colored thread and sketches in bulk quantity for her embroidery business. She has been doing this work for the last 10 years and is very confident that this investment will give a good result to her business. She is a new loan user of Asasah and this is her 1st loan application
Note: “In this photo, the group member Rasoolan is showing her bangles selling business”.
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