Nosheen's husband is a painter by profession and paints on houses and walls on order. It is very difficult for Nosheen to manage her household expenses but she never compromises on her children’s education. She has 3 children and all of them are studying.
Nosheen has applied for a loan from Kiva partner Asasah to improve her embroidery business. With this loan, she will buy embroidery materials such as beads, colored thread and tassels in bulk to fulfill larger orders and make more income. She is very hopeful that she will successfully be able to improve the financial condition of her business after the loan investment.
Nosheen is a regular loan user of Asasah's. This is her 2nd loan application. With the previous loan, she established good credit behavior and had never missed a meeting.
Nosheen lives in Multan, a big city in Pakistan known for its shrines and hot weather. She came here after her marriage and lives in a 2-room brick house in the area of Samejabad.
Note: In the photo, the lady with a raising hand is Nosheen.
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