Hanifaan is very supportive in nature. She also makes thread from clothes on order. Besides her work, she carries out her responsibilities as a housewife very well.
Her husband deals in scrap. He receives orders from different factories and other scrap dealers and earns profits.
Hanifaan has applied for a loan from Kiva partner Asasah to buy a donkey cart for her husband. It will help him delivering scrap such as used papers and plastic bottles to his client. Hanifaan is very confident that an investment will help her husband improve his business which will help her family to enjoy a better standard of living.
She is a new loan user and this is her first application to Asasah.
Note: "In the photo, the lady with a book (called Asasah Passbook) is Hanifaan ".
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