With this loan investment, Aimna's son will buy shutter material such as bamboos and ladders in larger quantity. That will allow him to make more profit by providing better services to his clients.
Aimna also works. She has a milk selling business which she operates from her home. She provides good quality milk to her clients at low rates which helps her financially support her family. She is very confident that her son's business will be improved after investing the loan into it.
Aimna is widow and lives with her only son. She wants him to marry in the near future. She hopes that an improved income will help her save some profit for that purpose.
In the photo, the lady holding a book (called Asasah Passbook) is Aimna.
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.
269View loans »
Success!! The loan was 100% repaid