Fazeelat is 48 years old, married to N. M., and has 6 children: 5 sons and 1 daughter. She could not educate her children due to poor financial conditions.
Fazeelat is a very responsible person, and carried out her responsibilities of a housewife and caring for her family very well. Her husband operates a grocery store in a nearby market. Through his shop, he sells daily use items such as sugar, cooking oil, lentils, etc. He is known in his area for his good customer service and quality products. Fazeelat’s two elder sons operate a cloth selling business.
Fazeelat has applied for a loan from Kiva partner Asasah for her husband’s grocery store business. With the loan, he will purchase more groceries in bulk, which will help him fulfill the demands of his customers and make more income. Fazeelat hopes that this investment will bring positive changes to her husband’s business and improve the living standards for her family. She is a new loan user of Asasah and this is her first loan application.
Note: In the photo, the lady with the raised hand is Fazeelat.
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