She is a housewife and performs her household tasks by staying at home. Due to her supportive nature, her family has good respect for her.
Her husband is very hardworking person and prepares snacks of great taste that sells for good price among his clients. Nasira provides full support in preparing snacks for him to sell. He then put those snacks (called Papad in local language) on his bicycle and sells by visiting different streets of the city.
Nasira has applied for a loan from KIVA partner Asasah for the further improvement of her husband’s business. With the loan investment, he will buy ingredients such as spices, gram flour and cooking oil in larger quantity to be able to prepare better quality snacks that will help him increasing his sales and profits.
Note: “In the photo, the lady holding a book (called Asasah Passbook) is Nasira.”
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