Razia herself is a housewife. She stays at home and does her household responsibilities. In her spare time, she also takes care of the cattle by providing them with timely food and water. She has given birth to six children. Her eldest son is a daily wage labor while one daughter does embroidery work for clients in the community. The remaining children are getting their education and studying in different classes.
Razia has applied for a loan from Kiva's partner, Asasah, to buy another buffalo which will help her husband increase milk productivity and sales. Her husband has been operating his business for the past three years and Razia is hopeful that an investment will help him provide better financial facilities for the family as a result. She is a new loan user and this is her first loan application to Asasah.
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