Her husband is a milk seller. He operates his business from the shop and offers good rates to his customers.
Nasreen is the mother of three sons and a daughter. Her sons have businesses of selling fruits and vegetables while her daughter is a seamstress.
Nasreen has applied for a loan loan from Kiva partner Asasah for the further expansion of her eldest son’s business. With the loan he will buy vegetables and fruits of fresh quality that will allow him to increase his profits and sales.
He has been operating his business for many years and Nasreen is hopeful that an investment will help him make more money from it.
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