She is also a sewing expert and sews beautiful looking clothes for clients in her neighborhood. She has applied for a loan from Kiva partner Asasah for her husband’s dairy business. With the loan investment he will buy a dairy cow. This will enable him to get a larger quantity of milk to sell and will increase his profits. He is very experienced in his business and has been operating it for the past many years. Nasreen is confident that his business will be improved further after investing the loan.
Note:"In the photo, the lady holding a book called Asasah Passbook is Nasreen."
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