Her husband is an electrician by profession. He offers electricity repairing services to his clients and also sells electrical items such as tube lights, switches and bulbs. He does his business by operating a small shop in the market and has more than 30 years of experience in his field.
Rani has given birth to 3 daughters. Only her 2nd daughter is able to get education and the others stay at home.
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 and also buy electrical items such as tube lights, bulbs, and switches to further improve his business.
Rani is hopeful that her husband, with a vast experience in his field, will successfully be able to improve his business condition with the help of a loan investment.
She lives in a city called Lahore in Pakistan. Lahore city is known for its history and culture. She lives there with her family in a 2-room brick house. She is a new loan applicant for Asasah and hopes it will bring good profits to her family.
Note: In the photo, the lady with 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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Success!! The loan was 100% repaid