Her husband's name is J. N., and he has a bicycle repair business. His shop is located in the market and he has a good number of clients who prefer his services because of the quality of his work.
Aasia (who is holding the loan book in the photo) supports her family by doing sewing at her home. She receives regular orders from her neighborhood clients, and produces quality work. She is also a housewife and does her household responsibilities very well.
Three of her five children are enrolled in school and are getting their education. The other two are too young for school.
She has applied for a loan from Kiva partner Asasah for her husband’s business. With the loan, he will buy the latest repairing tools to offer better quality services to his clients.
Aasia is hopeful that after investing the loan, her husband’s business will grow further and his income will be increased.
This is her second loan application to Asasah. During the period of the previous loan, she always paid her instalments on time and never missed a single 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