She is a widow who lost her husband as a result of a sudden death. She has had a very difficult time since then. She has no children and does sewing work to keep herself busy and make a living. She also runs a scrap shop where she sells used items such as used paper, plastic bottles and iron to different factories and scrap dealers for profit.
Zeenat has applied for a loan from the Kiva partner Asasah to improve her scrap business. With the loan, she will buy scrap in larger quantity to improve her sales. She is hopeful that she will be able to increase her household income by using the loan money. She is a new loan applicant for Asasah and this is her first loan application.
Note: In the photo, the woman who is raising her hand is Zeenat.
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