Her husband is a truck driver and provides goods transport services to his clients.
Shazia is the mother of two daughters and two sons. Two of them are studying while her other children are very young.
She has applied for a loan from Kiva partner Asasah for further improvement of her embroidery business.
With the loan investment she will buy embroidery material such as beads, thread etc. in bulk, which will allow her to fulfill larger orders on time and increase her profits.
She is very experienced in her work and confident about her business success.
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.
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