Nasreen Naz's Group
She is the mother of two children: a son and a daughter. Her son is 19 years old and completed his education to the 5th standard. Now he operates an animal food business. He contributes to his family financially from his work. Nasreen Naz's daughter is 11 years old and stays at home.
Her husband is a daily wage laborer.
Nasreen has applied for a loan from Kiva partner Asasah for her son’s business. With the loan, he will buy animal food in a larger quantity for selling.
Nasreen is hopeful that an investment will bring positive financial changes to his business.
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