With the loan, he will buy fresh, seasonal fruits and vegetables in bulk to put in his shop for selling.
Bashiraan herself is a housewife and does her household responsibilities. She also supports her husband by cleaning the fruits and vegetables with water every day before her husband takes them to his shop for selling.
She also knows the art of sewing and works as a seamstress on a part-time basis. She is the mother of three children; all of them are enrolled in a local school and are getting their education.
She is very hopeful that after the loan investment, her husband will be able to expand his business and earn better profits that will help her children continue their education and also enhance the living standards of her family.
She is a regular loan user of Asasah and this is her third loan application. In previous loan years, she has maintained good credit behavior and has never missed any meetings.
Note: In the photo, the lady with a book (called the Asasah Passbook) is Bashiraan.
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