She is 27 years old, married to A. and has two children. Her elder son is in kindergarten while younger one has not started attending school yet. He is only 3 years old.
Her husband is a loader by profession and operates a loading business. He puts loads like vegetables, fruits or construction supplies on his donkey cart and delivers them from one place to another.
Kalsoom has applied for a loan from Kiva partner Asasah for her husband, who wants to buy a new donkey cart. His current cart has become rough and urgently needs replacement. With a new cart, he will be able to load more and earn better profits by providing better quality services to his clients.
Kalsoom is hopeful that this investment will be a productive one for her husband and make him more profits in the future.
She is a regular loan user of Asasah and this is her second loan application. In the previous loan year she proved herself a responsible client by paying her installments on time.
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