She knows the importance of education and has enrolled all of her children into school. She is a great wife and a very caring mother who is raising her children very well and also does her household responsibilities in an efficient manner.
She has applied for a loan from Kiva partner Asasah for her carpet weaving business. With the loan, she will purchase raw materials and also some tools for the further expansion of her business. She has 15 years of working experience in her business and is confident that an investment will be a very profitable one for her.
Note: “In the photo, the lady holding 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