Siddiqan herself is a housewife as well as a working woman. Besides her household work, she operates a dairy business at her home. She keeps three buffaloes and 2 goats at her home. She takes care of them and sells their milk to her community clients. She is a mother of seven children. Her eldest son has a construction supplies business while her elder daughter weaves carpets. She is very skillful and weaves beautiful carpets which sell in a very good price range.
Siddiqan has applied for a loan from Kiva partner Asasah to help her husband in improving his loading business. Using the loan, he will buy a new cart that will help him put more loads on his cart and provide better services to his customers. Basically, his old cart has become rough and doesn’t carry heavy loads. He has been operating this business for the past 10 years and Siddiqan is hopeful that her husband will make full use of loan money and improve his business.
She is a new loan user of Asasah and hopes that it will be a profitable experience for her family.
Note: In the photo, the lady with a book (called Asasah Passbook) is Siddiqan.
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