She has sewn clothes with a sewing machine, but now her machine has started getting rusty because she has used it continually to sew cloth for so many years.
Bushra requests a loan from Asasah, a Kiva field partner, because she wants to buy an electrical sewing machine so it won't get rusty and her work can run smoothly.
She has seven children, one daughter and six sons. They are continuing their education.
After this loan, Bushra expects her business to expand more, so that she and her family can live happily.
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