She is a caring lady and prefers to stay at home and carry out her responsibilities as a housewife. Her husband operates a small canteen business. He runs a canteen outside of the school area and sells chips, samosas, cold drinks, biscuits, etc. which are very popular among students. He has been in this business for over 10 years and is getting good profits from his business every month.
She has applied for a loan from Kiva partner Asasah to further improve the business of her husband. With the loan, he will buy required items like cold drinks, chips, biscuits, etc. in a good quantity for selling to the students.
Mehreen hopes that an investment will result in good profits for her husband and that her family’s standard of living will be improved. She is a new loan user of Asasah and this is her first loan application.
Note: In the photo, the lady with a book (called an Asasah Passbook) is Mehreen.
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