She has applied for a loan from Kiva partner, Asasah, for her husband. With the loan, he will overhaul his rickshaw and also change its body, which will allow him to provide better quality transport services to his passengers and increase his income. Nasreen has a lot of confidence in her husband and she is very sure that after investing in his business, her husband’s income will be increased. That will help her family to live a better financial life.
Note: "In the photo, one of the members has an embroidery business. That's why she is holding cloth".
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