Her husband is in the business of selling sanitary supplies. He runs a shop in the market where he sells sanitary supplies such as taps, water pipes, etc. to his customers for a profit. He also knows sanitary fitting services which he offers to his clients. Both of them are very hardworking and manage their businesses well. They want to set a good legacy for their children so they feel proud of them.
Manzooran has applied for a loan from Kiva's partner, Asasah, for her husband’s business. With the loan, he will buy a larger quantity of sanitary supplies to put in his shop for sale. She is hopeful that this investment will take her husband's business to a more profitable position.
Note: In the photo, Manzooran is the lady holding a book (called the Asasah Passbook).
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