She is a 40 year-old housewife, stays at her home does household responsibilities. She is very active and completes her household tasks in a very efficient manner.
Her husband operates an auto repairing workshop where he can repair from motorbikes to cars. He is known as an expert in his work and has a good number of clients in his area.
Nasreen has given birth to 3 sons and 2 daughters. Her eldest son is 22 years old and works with his father in his workshop. The second son is a rickshaw driver and her elder daughter operates a clothes sewing business. Her remaining two children are enrolled in a local school.
She has applied for a loan from Kiva partner Asasah to improve her husband’s business. With the loan, he will buy auto repair tools to offer better quality services to his clients.
Her husband started this business 5 years ago and Nasreen is confident that the loan will help him further improve his business, which will result in better financial life for her family.
She is a regular user of Asasah and this is her 3rd loan application. She is a responsible client who never missed a single meeting and has always paid her installments on time.
Note: “In the photo, the lady holding a book (called Asasah Passbook) is Nasreen”.
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