She also does decorative embroidery and prepares beautiful clothes for her clients. She knows about the latest trends in clothing which helps her in fulfilling her clients' requirements.
Her husband sells local food called samosay. His food is very tasty and he makes reasonable income from his business.
When Naseem is free, she helps her husband in his business by preparing samosay with potatoes.
She has applied for a loan from KIVA partner Asasah for her eldest son who also sells samosay. With the loan investment, he will purchase potatoes, spices and other ingredients used in making better quality samosay.
He has operated his business for many years and Naseem is hopeful about his business success after investing the loan funds.
Note:”In the photo, the lady holding a book called Asasah Passbook is Naseem.”
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