Razia Abdul Sattar's Group
Razia is a seamstress and sews clothes for customers in her neighborhood in order to share the financial burden with her husband. She learned her sewing skill from her mother and started working independently after her marriage. Her mother was unable to provide Razia with an education but she gave her a skill that will benefit her at every step of life. Razia is also a very good housewife. Alongside her business she deals with her responsibilities as a mother and wife very well.
Razia has applied for a loan from Kiva partner, Asasah, for her husband’s business. With the loan, her husband will buy groceries for his grocery shop to increase his sales and income. Razia hopes that this investment will bring a good profit to add to her family's income and that they will be able to enjoy a better standard of living.
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