Her husband is a daily wage labor, and his income is not enough to meet the household expenses. That’s why Siddiqan operates her business to help support the family financially.
She is the mother of 7 children. Her eldest son is an auto mechanic while the others are enrolled in school and getting their education.
She has applied for a loan from Kiva partner Asasah for the further expansion of her clothes-sewing business. With the loan, she will buy a new sewing machine that will allow her to finish the orders on time and earn more income.
She is very confident that she will be able to put her business in a profitable position after the loan investment.
In the photo, the lady with a book (called Asasah Passbook) is Siddiqan.
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