She has applied for a loan from Kiva partner Asasah to help her husband who wants to improve his grocery store business. Through the loan, he will put more groceries into his grocery store to fulfill the needs of his customers and to earn better profits. Razia is hopeful that an investment will bring more profits to him and upgrade her family’s living standard.
She is a regular loan user of Asasah and this is her 2nd loan application. She is a responsible client and pays her installments on time. She belongs to Mian Channu which is a small city in Pakistan, known for its agriculture. Her house contains four rooms and she has been living in it with her family for the past seven years.
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