Razia Ilyas Group
Khalida will use the loan to buy ready-made garments to sell.
Ramzana will use it to buy tube lights to sell.
Nazia will use it to buy an auto-rickshaw (a local three-wheeled motor vehicle).
Musarat will use it to buy iron for making iron rods to sell.
Razia, the group leader, is a very hardworking lady. The other members respect her a lot for her good behavior. She operates a clothes sewing business by taking orders from her neighbors, while her husband works in a factory and receives a monthly wage. She will use the money from the loan to buy an electric sewing machine, so that she can sew more clothes and earn more income.
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