Hameedan also supports her husband by visiting his grocery store and handling his clients. She has applied for a loan from Kiva partner Asasah for her husband’s grocery store business. With the loan, he will buy groceries in bulk to put in his store and sell.
She is confident that her husband's business will be improved after the loan and her family will be able to enjoy a better living standard as a result.
Note: In the photo, the lady with a book (called Asasah Passbook) is Hameedan.
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