Her husband is involved in selling wheat and rice. Razia is the mother of one son and five daughters. Her eldest daughter is also a seamstress and helps Razia in fulfilling her clients' orders order on time. Her only son works with his father selling wheat and rice. Razia is able to provide education only to her youngest daughter who is studying in class 4.
She has applied for a loan from Kiva partner Asasah for her nephew who is also involved in the wheat & rice selling business. Through the loan, he will buy wheat and rice in bulk quantity which will help him filling the clients' orders on time and earn better profits.
He has been operating this business for the past 18 years and Razia is hopeful that after this investment, it will start bringing him better profits.
Note: In the photo, the lady with a book (called Asasah Passbook) 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