Her husband is a rickshaw driver and provides transport services to his passengers. He is an expert in driving and drives his autorickshaw very safely.
Amna also supports her family by selling clothes. She purchases clothes from the wholesale market and sells at a profit to her community clients. She offers a good variety of clothes to her clients and makes a reasonably good income, which helps her pay her utility bills and other household expenses.
She has applied for a loan from Kiva partner Asasah for the improvement of her husband's transport business. With the loan investment, he will repair his autorickshaw that will keep it running more smoothly and provide better transport services to his passengers.
He is very experienced in his business and Amna is confident about his success after investing the loan.
In the photo, the lady holding a book, called an Asasah passbook, is Amna.
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