She has a two-year-old daughter whose name is Zainab. Humaira works hard to give a better future to her daughter so she will never face the same poor financial situation that Humaira faced in her childhood. She pays full attention to her daughter and raises her very well.
She has applied for a loan from Kiva partner Asasah for her business of embroidery. She will invest the loan in purchasing an embroidery machine that will help her finish her work more quickly and add more creativity to her work. She is a new loan applicant and this is her first time getting a loan from Asasah. She hopes it will bring good profits for her.
Note: "In the photo, the lady who has holds a book (called Asasah Passbook) in her hands and is showing her embroidered dress is Humaira".
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