She has applied for a loan from Kiva partner Asasah for her son who runs a small restaurant in the community. In the restaurant, he sells Punjabi food items such as "Nan chanay" (made with chick peas and served with bread) and "Biryani" (made with rice and chicken served with pickles) to his customers. He is well-known among his customers for his good quality and taste. Using the loan, he will purchase chick peas, rice, cooking oil and spices, etc. to make good quality food to sell to his customers at a profit.
Taj and her husband G. S. both are very supportive persons. They both support their son in his business. S. supports him by handling his customers in the restaurant and Taj helps him by making food for his restaurant.
Taj is confident that the loan investment will bring better profits to her son’s business and he will be able to increase his clientele.
Note: In the photo, the lady with a book (called Asasah Passbook) is Taj.
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