She has given birth to two sons and a daughter. She couldn’t provide education to her younger children and both of them stay at home. Her elder son left education and started work to financially contribute to the family. He is a driver by profession.
Manzooran has applied for a loan from Kiva partner Asasah to improve her husband's animal sales business. He has been involved in this business for 30 years. He buys animals like goats and sheep in their early age, raises them up and then sells them to butchers for a profit. With the loan, he will buy goats to increase his sales and to earn a good profit.
Manzooran is a regular loan user of Asasah and this is her fourth loan application. In previous loan years, she has maintained a good credit behavior and never missed any meeting.
She is hopeful that the loan investment will bring positive changes to her husband’s business and will improve his income.
Note: In the photo, the lady holding a book (called Asasah Passbook) is Manzooran.
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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