Shazia is requesting a loan from KIVA partner Asasah for her father’s fruit-selling business. With the loan investment he will buy fresh seasonal fruits to sell to his clients. He is very professional in his dealings and offers good quality produce. Shazia is hopeful that the loan will help him to further improve his business and increase his profits.
Shazia is a very good housewife and working lady who sews clothes for her neighboring clients to financially support her husband. She has a seven-year-old daughter who has not yet started her education.
Note: In the photo, she is sitting in front of her sewing machine.
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
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.