Her husband is a loader by profession and operates a donkey cart, while she supports her husband financially by doing embroidery at her home. Most of her clients are within her community and give her orders regularly, which she completes to earn an income.
She is a very good administrator and manages her business, as well as her household, very well.
Asia has applied for a loan from Kiva partner, Asasah, to financially support her husband. With the loan he will buy a new donkey cart, because his current cart has grown rough and needs a replacement. A new cart will enable him to put more loads on it and provide better quality services to his clients.
He has been doing this work for the past 9 years, and Asia is hopeful that through this loan investment her husband will be able to get good outcomes from his business.
She is a regular loan user of Asasah and this is her 2nd loan application. In the previous loan year, she has established a good credit behavior and never missed any meeting.
Note: "In the photo, the lady with a book (called Asasah Passbook) is Asia".
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