Her husband operates a spice-selling business, providing his products to a variety of grocery and general stores in the city. Nida also supports her husband in his business by selling spices to her community clients. She is also a very good mother and housewife and discharges her responsibilities very well.
Nida has applied for a loan from Kiva partner Asasah for the further improvement of her husband’s business. With the loan, he will buy spices such as salt, pepper, red-chili powder, etc. in bulk quantity to enable him to fulfill his orders on time and target a maximum number of clients. He has been operating this business for the past 15 years, and Nida is confident that an investment will put his business into a more profitable position.
Nadia is a new loan user of Asasah, and this is her first loan application. She hopes that it will bring positive changes to her husband’s business.
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