They have three sons, two of whom work. The youngest, age 15, still lives at home. The family lives in a city named Sahiwal in Pakistan. Nasreen and her husband couldn’t provide education facilities to her children due to their limited financial resources. The children left their school after completing fifth grade.
Nasreen is a regular loan user of Asasah and this is her fourth loan application. In previous loan years, she has always paid her installments on time and has never missed a meeting.
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