Razia is married. Her husband operates a grocery store business. In his store, he sells daily use items like sugar, spices and cooking oil, etc. He is very good in dealing and offers competitive prices to his customers.
Razia is very supportive by nature. She operates a sewing business making clothes for her neighborhood clients to financially help her husband. She is very skillful and receives a good number of orders every month.
She has applied for a loan from Kiva partner Asasah for her husband. With the loan, he will purchase groceries in bulk to be able to fulfill the demand of his customers and increase his sales. He is very experienced in his business and Razia is confident that by investing the loan in his business, her husband will be able to improve his business condition and also increase his 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.