She is 42 years old. She is married to M. A. and has three sons. Two of them are getting an education while her eldest son has a business of selling animals. He buys animals from the animal market, raises them up and sells them to his customers to earn an income. He started this business six years ago and in this short time period, he has obtained a good number of customers.
Her husband operates a tea stall in the market, where he sells different flavor teas like green, black and milk tea. He is known among his clients for the good taste of his tea.
Rasheedan is a housewife; she stays at home and does her household works. She is a very good administrator and manages her household tasks very well.
She has applied for a loan from Kiva partner Asasah for her son’s animal selling business. With the loan, he will buy animals (goats) and raise them up to sell for a good profit.
Rasheedan is hopeful that her son will successfully be able to improve his business condition after investing money into it. She is a new loan applicant at Asasah.
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