She owns a two-room brick house there and has been living in it with her family for over ten years. She is a housewife who stays at home and takes care of her family.
Her husband, S. G. Z., runs a private medical clinic in the community. He has studied a compounder (mixing drugs to fit the unique needs of a patient) course. He has a good knowledge of different common diseases and provides good quality health services to his patients who can’t afford the medicical expenses of big hospitals for treatment.
Maryam has applied for a loan from Kiva partner Asasah for her husband’s medical clinic. With the loan, her husband will buy medicines, which will help him in better serving his patients.
Note: In the photo, the lady who has holds the book (an Asasah Passbook) in her hands is Maryam.
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