Razia is a resident of Jaranwala, which is a small city located in the Punjab province of Pakistan and known for its agriculture industry.
Her husband’s name is G. A. and he is a tractor driver. He drives a tractor in the fields and also uses it for loading items. He loads different items, such as fruits and vegetables, and drops them at their designated places.
Razia has applied for a loan from the Kiva partner Asasah for her animal selling business. With the loan, she will buy goats to increase her sales. She sells goats mainly to butcher shops. She is hopeful that her decision of getting a loan and investing it in her business will be profitable for her family, and that she will be able to repay the loan without any problems. She is a new loan applicant and hopes that it will be a good experience for her.
In the photo, Razia is the lady who is holding the book (called an Asasah Passbook).
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