She is the mother of a son and a daughter. Now her son is a driver and her daughter is a schoolteacher. They both financially contribute to the family from their earnings.
She has applied for a loan from Kiva partner Asasah for her brother, who operates a grocery store in the market. With the loan, he will put a larger quantity of groceries in his store and increase his sales. He is well known for his good behavior with customers and has been operating his business for the past 10 years.
Naseem is hopeful that an investment will help him to expand his business and make it more profitable. She is a regular loan user of Asasah, and this is her second loan application. She has proved herself as a responsible client in her first loan year by paying her installments on time and attending every meeting.
Note: In the photo, the lady holding a book (called the 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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Success!! The loan was 100% repaid