Bashiraan is the mother of two sons and a daughter. Both of her sons also operate grocery businesses while her daughter is studying in class 10. She has applied for a loan from Kiva partner Asasah for the further expansion of her husband’s business. With the loan, he will buy groceries in bulk to be able to put in his shop for fulfilling the orders on time and increasing his profits.
Bashiraan is confident that an investment will bring positive changes to his business and her family will be able to live better as a result.
Note: In the photo, the lady with a book (called Asasah Passbook) is Bashiraan.
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