Razia Allah Wasaiya's Group
Razia is a very supportive lady by nature. She supports her husband by preparing food for the restaurant so that he can better provide service to his customers. Razia has four sons and a daughter. Her eldest son works in a factory and the next son operates a tea stall in the market. Her remaining children are enrolled in school and receiving an education.
Razia has applied for a loan from Kiva partner, Asasah, for her son’s tea-stall business. With the loan amount, her son will buy items such as tea, sugar and milk in bulk. These bulk purchases will help him to serve more customers and increase his income. Razia is a regular Asasah loan user and this is her fourth loan application. In previous loan years, she has maintained a good credit record and never missed a meeting.
Note: In the picture, the lady who is raising her hand is Razia.
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