She is a housewife who stays at home, manages the household chores and takes care of her family.
Her husband's name is I. M.. He works as a driver. He drives a rickshaw that he renst. Working on a rented rickshaw is never satisfying, even after working very hard.
Razia wants to help her husband buy his own new auto rickshaw, which will not only avoid the cost of rent, but he will also be able to work for longer hours, which will earn him more money. She has applied for a loan from Asasah for this purpose.
Razia is not satisfied with her current financial situation, but she is sure that with the loan her husband will lead his family towards a better standard of living.
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