Sonia has applied for a loan from KIVA partner Asasah for further expansion of her husband’s business. He will use the loan to buy bicycle repair tools and spare parts in larger quantities, which will help him provide better services to his clients and increase his profits. He has been operating his business for many years and Sonia is confident about his business success after investing this loan.
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