Nasira is a widow. Her husband died of a heart attack. It was a tragic time for her but she never gave up and faced the situation bravely. She started sewing work at her home. Earlier, she received orders from her relatives but later on she started getting orders from her neighbors as well. She is good at her work and each of her customers acknowledges that.
She has applied for a loan from Kiva partner Asasah to improve her clothes-sewing business. With the loan, she will buy a new sewing machine which will help her complete orders in a shorter period of time and make more income every month.
Nasira is hopeful that an investment will bring more profit for her and she will be able to marry off her elder son in the near future by saving money from her profit.
She is a regular loan user of Asasah and this is her 5th loan application. In previous loan years, she has always paid her installments on time and never missed a single 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