Razia is also a caring and supportive lady by nature. She supports her family financially by selling clothes. She purchases clothes from the AnarkA. and Azam markets, which are famous clothes markets in the city of Lahore, and sells to her neighborhood clients for profit.
Razia has applied for a loan from Kiva partner, Asasah, to further improve her husband’s business. With the loan, he will purchase clothes and embroidery material, such as beads, colored thread, etc., in bulk, and will also hire a worker who will assist him in completing his work.
He has been operating this business for the past 10 years. Razia is confident about his business growth after the loan investment.
She is a regular loan user of Asasah, and this is her 5th loan application. In previous loan years, she has maintained a good credit behavior and never missed any meeting.
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