Naseem is the mother of two sons and two daughters. None of them could get an education due to poor financial conditions. Both of her sons now work in a hospital for low wages and her daughters stay at home and manage the household chores. They live in a city named Samundri in Pakistan. Their residence is a three-room brick house. This is Naseem's first loan application with Asasah. She hopes it will be a profitable experience for her.
Note: In the photo that accompanies this profile, the woman holding the Asasah Passbook is Naseem.
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