With the loan, he will buy embroider material such as beads, patterns and colored threads in bulk quantity that will allow him to make beautiful looking embroidered clothes and increase his profits.
Muniraan is very supportive. She is a responsible housewife. She also does clothes sewing and embroidery work to financially assist her husband. She receives a good number of orders every month from her community clients and earns reasonably good profits.
She is a mother of 3 daughters and 3 sons. Only 2 of them are able to attend school and get their education. She is a very hopeful that an investment will help her husband improve his business and increase his profits.
She is a regular loan user of Asasah and this is her 2nd loan application. In a previous loan year, she proved herself as a responsible client by paying her installments on time and by attending every meeting.
Note: “In the photo, the lady holding a book (called Asasah Passbook) is Muniraan”.
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