Her husband operates a plant-selling business. He is very fair in his prices and deals with his clients in a professional manner. He has good number of business contacts and meets their requirements.
Razia is a housewife who stays at home and does her household responsibilities very well. Part time, she also sews clothes for her neighboring clients. She is very good at her work and receives a good number of orders every month.
She has applied for a loan from Kiva partner Asasah for the further expansion of her husband’s plant selling business. With the loan, he will buy plants of different kinds that will allow him to make more sales and earn better profits.
He has been doing this business for the past 10 years and Razia hopes that an investment will bring very good changes to his business and improve the life style of her family.
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