She is also a very good housewife and meets her household responsibilities very well. She is 29 years old and has a little child. She takes care of him well, bringing him up with good care and discipline.
Her husband is 31 years old and is a carpet weaver. His products are in demand in the market and he earns a good amount of income from his business.
Humaira has applied for a loan from Kiva partner Asasah for her husband's business. With the loan, he will buy thread and weaving tools for weaving carpets which will help him make a better income.
She is hopeful that an investment will help her husband increase his profits and allow her family to live a better life financially.
She is a regular loan user of Asasah and this is her third loan application. In previous loan years, she has maintained a good credit behavior and never missed any meetings.
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