She is married to G. R. who works in the field and grows rice. She has 3 sons and a daughter. All of her children left their education at an early stage and started doing work to financially support the family.
Her eldest son is 30 years old and has a grocery store business. The next eldest son is a driver by profession, and the youngest has a poultry business. Siddiqan has applied for a loan from a Kiva partner, Asasah, for her eldest son’s grocery store. With the loan, he will put groceries in his grocery store to increase his sales. He started this business 4 years ago, and Siddiqan is very much hopeful that by investing loan money in his business, her son will successfully be able to make his income double in size.
She is a regular loan user of Asasah and this is her 3rd loan application. In previous loan years, she has maintained a good credit behavior and attended every meeting.
Note: In the photo, the lady who has holds a book (called Asasah Passbook) in her hands is Siddiqan.
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