She lives in her brother’s home with her 6 children. Five of them are studying while her youngest daughter stays at home and helps Rasoolan in her household responsibilities.
Her brother is a driver and provides transportation services for his passengers.
Rasoolan has applied for a loan from KIVA partner Asasah for the further expansion of her sewing business. With the loan she will buy another sewing machine and will hire an assistant. This will allow her to receive more orders and make more profit.
She has been in her business for 4 years and is very confident that an investment will help her to further improve it.
Note: “In the photo, the lady holding a book (called Asasah Passbook) is Rasoolan”.
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