She is married to M. R. who runs a grocery store business. He has a small grocery store in the market from where he sells daily use items soaps, toothpaste, sugar, tea, etc. to his customers. He started this business many years ago and improves the financial condition of his family through this store.
Jameela has 3 daughters and 2 sons. All of them are enrolled in school and are getting their education except the eldest one who helps his father in his business. He didn’t have any interest in studies and left school after completing the 8th class.
Jameela herself is a housewife, stays at home and does her household responsibilities. She has applied for a loan from Kiva partner Asasah to help her husband in his business. With the loan, he will buy groceries in bulk quantity and increase his sales. Jameela is hopeful that a loan investment will have a good impact on her husband’s business and makes it more profitable. She is a regular loan user of Asasah and this is her 3rd loan application.
Note: In the photo, the lady with a book (called Asasah Passbook) is Jameela.
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