Her husband is a vegetable vendor by profession. He also has a horse. He gets up early in the morning, goes to the vegetable market on his horse cart, buys vegetables from the vegetable market and then sells them in his shop.
Naseem has given birth to three sons. All of them are unable to get an education because Nasreen and her husband are unable to afford their education.
She has applied for a loan from Kiva partner Asasah for the improvement of her grocery store business. Using the loan she will buy more groceries for her store to improve it.
Note: In the photo, the lady with a book (called Asasah Passbook) is Naseem.
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