Shareefan has applied for a loan from Kiva partner Asasah for further expansion of her husband’s business. With the loan investment, he will buy utensils, tea and milk in larger quantities that will allow him to serve his clients better and increase his income. He will also hire a worker for delivering tea to different shops and offices.
He is very experienced in his business and has been operating it for the past many years. Shareefan is hopeful that the loan will help him make more profits from his business.
More information about this loan
Asasah offers products that are customized for its Muslim clients. This Qard Hassan product loan. also referred to as Qarz-e-Hasna (Al-Madad) in the Urdu language, is an interest free loan, usually offered to students or the very poor. For more information on Islamic microfinance, please click here.
This is a Group Loan
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Success!! The loan was 100% repaid