Her husband is a salesman and sells edible items (candies, snacks, etc.) to different shops. He is very hardworking person and works for long hours to earn money for his family.
Khursheedan has applied for a loan from KIVA's partner, Asasah, for her husband’s business. With the loan, he will buy foods in larger quantities that will allow him to fulfill his customers' demands and increase his profits and sales.
He is very experienced in his business and has been operating it for many years. Khursheedan is confident that an investment will help her husband make positive changes to his business and increase his profits.
Note: In the photo, the lady holding a book (called Asasah Passbook) is Khursheedan.
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