Nasreen herself is a housewife who prefers to stay at home and take care of her household responsibilities. She makes the utmost effort to give comfort to her family by taking care of them. She has two sons. Her elder son works as a helper in a nearby hospital while her younger son is studying in 9th grade.
She has applied for a loan from the Kiva partner, Asasah, for the improvement of her husband’s business. With the loan, he will buy some goats to sell for a profit. Nasreen hopes that after the loan investment her husband’s business will be in a more profitable position and will result in a better financial situation for her family. She is a regular loan user of Asasah and this is her 2nd loan application. In the previous loan year, she established good credit behavior and never missed any meeting.
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