She is married to A. R. who has a business selling engine oil. He buys the engine oil from different companies and sells to different shops and customers. He has been doing this business for the past 10 years and has a good reputation among his customers.
Khursheed has given birth to 2 sons and 2 daughters. Her sons work in a factory for a low income while her daughters stay at home and help her finish the household chores. Khursheed couldn’t educate them due to poor financial circumstances.
She has applied for a loan from Kiva partner Asasah for her husband who wants to buy engine oil to resell. This will help him make more sales and earn more profits.
Khursheed is hopeful that after investing the loan money into his business, her husband will be able to improve his business. She is a regular loan user of Asasah and this is her third loan application. She is a responsible loan user and always maintained a good credit behavior with every loan.
Note: In the photo, the lady holding a book (an Asasah Passbook) is Khursheed.
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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