She also sews clothes and has a good name among her clients due to the good quality of her work. She has applied for a loan from Kiva partner Asasah for her son who operates a business selling garments. His shop is located in the market and he sells pants, t-shirts and other garments to his clients at cheap rates. Her husband is 63 years old and sells milk as well as animals. He has some goats at his home, which he used to sell to butchers for a profit.
Naseem has five sons and a daughter. Her second son also operates a business selling garments and the third one works abroad. Her remaining children are enrolled in a local school getting their education. Naseem is hopeful that purchasing garments in larger quantity will enable her son to improve the financial condition of his business. She is a new loan user and this is her first loan application to Asasah.
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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