Nasreen's husband sells wheat and other agricultural products, earning a reasonable income every month. Nasreen has one son who is studying in the 4th grade. Nasreen is illiterate but she strongly knows the importance of education. She wants her son to become successful in life by completing his schooling.
Note: In the photo, Nasreen is holding a book (the Asasah Passbook).
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.
333View loans »
Success!! The loan was 100% repaid