Her husband has a business of loading & unloading. He has a donkey cart which he purchased on installments. Through his cart he offers goods transfer services to his clients.
Bashiran is the mother of a daughter who is studying in class 5. She has applied for a loan from Kiva partner Asasah for her husband who wants to pay off the remaining installments on his cart. This will make him the owner of the donkey cart and give him the motivation to work with more dedication. He is very experienced in his business and many people know about his services.
Bashiran is hopeful that the loan will bring positive financial changes to her husband's business and improve the lifestyle of her family.
Note: One of the members has a clothes selling business thats why they are holding clothes.
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