Azra is a seamstress who sews clothes for her neighboring clients and is very skillful in her work.
She is the mother of two sons and three daughters. Three of them are studying while her eldest son left his education after fifth standard and started a furniture polishing business.
She has applied for a loan from Kiva partner Asasah for the further expansion of her husband’s shoemaking business. With the loan, he will buy shoemaking material like leather, nails and shoe polisher in bulk that will allow him to make more shoes and sell them for a higher price.
Azra is very confident that her husband’s business will be improved further after the loan investment.
Note: In the photo, the lady holding a book (called the Asasah passbook) is Azra.
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