With the loan investment he will buy crockery of different varieties that will allow him to offer more variety of products to his clients and increase his sales and income.
He is very experienced and professional in his dealings and has been operating his business for the past many years. Shahnaz is hopeful that the loan will be a productive one for him and bring positive changes in the life of her family.
She also works and makes boxes on order. She receives orders from different shoe selling shops and makes shoe boxes to financially support her family.
She believes in hard work and honesty and is confident about her family’s bright future.
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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Success!! The loan was 100% repaid