Nasreen is a housewife. She stays at home and does her household works. She is the mother of 5 children: four of the children are enrolled in a local school and getting their education. She has applied for a loan from Kiva partner Asasah to help her husband who wants to expand his grocery business. Through the loan, he will buy groceries in bulk that will help him in earning better profits. He is new in his business. He started it only two years ago.
Nasreen is hopeful that an investment will help her husband to grow his business further. She is a regular loan user of Asasah and this is her 2nd loan application. In the previous loan year, she has proven herself as a responsible client by paying her installments on time and by attending every meeting.
She is a resident of Mian channu, a small city in Punjab, Pakistan and known for its agriculture industry. She has been living there in a 2-room brick house with her family for the past 14 years.
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