She is a house wife, and prefers to stay at home and do her household work. She has given birth to 2 sons and a daughter. She couldn’t provide them educational facilities due to financial constraints. Her elder son started driving a rickshaw on rent, while the other son stays at home and doesn't do anything. Her daughter is only 6 years old, and Rani has plan to enroll her in school in the near future.
Her husband is also a driver by trade. He runs a rickshaw to provide transport services to his customers. He adopted this profession 3 years ago and people know him as a good driver.
Rani has applied for a loan from Kiva partner Asasah for her husband, who wants to repair his rickshaw because its engine is having problems and doesn’t work properly. The loan amount will help him repair his rickshaw fully. Rani is hopeful that this investment will help her husband keep his vehicle in better condition, and help him improve his services for his clients.
She is a regular loan user of Asasah and has maintained a good credit record in every loan year. This is the fifth time she has applied for a loan.
Note: In the photo, the lady who holds a book (called Asasah Passbook) is Rani.
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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