Her husband's name is Z. H. and he operates a Punjabi food restaurant business in the market. He offers good quality food items to his clients. In the restaurant, he sells "Daal roti" (made with lentils and served with bread), "Nan chanay" (made with chick peas and served with bread), etc. He has a good name in the area for his good quality food.
Rashida is the mother of two sons and both of them work. Her elder son sells vegetables in a vegetable market while younger one does a private job.
She has applied for a loan from Kiva partner Asasah for her husband. Through the loan, he will buy required items like lentils, cooking oil, chick peas, flour and spices, etc. which will allow him to provide better quality of food to his clients and earn better profits.
He started this business 12 years ago and Rashida is hopeful that after an investment, it will start bringing him better profits. She is a regular loan user of Asasah and this is her 3rd loan application. In previous loan years, she has paid her installments on time and never missed any meeting.
Note: In the photo, the lady with a book (called Asasah Passbook) is Rashida.
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