She has given birth to five sons and three daughters. All of them are enrolled in a school and are studying in different classes except for the first two children who had to leave school to start working for the family.
Her eldest son is 16 years old and works in a private company for a monthly wage while the second son does labor work.
She has applied for a loan from Kiva partner Asasah for her husband’s business. With the loan, he will buy fresh seasonal fruits from the fruit wholesale markets in bulk quantity. The bulk purchasing will help him increase his sales and the fruit variety will enable him to fulfill the needs of his customers on time.
Khursheed is hopeful that her husband will get good results from his business after making this investment.
She is a regular loan user of Asasah and this is her 5th loan application. In previous loan years, she has proven herself to be a responsible client who paid her installments on time and never missed any meetings.
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