Razia is very efficient and performs her household duties very well along with maintaining her businesses. She is the mother of six children, three of whom are schooling and three of whom are at home.
She has applied for a loan from Kiva partner Asasah for the further expansion of her animal sales business. With the loan, she will buy goats and sheep, raise them, and sell them to local butchers.
Razia has been operating her animal sales business for the past five years and is very confident that the loan investment will allow her to be successfully able to improve its earnings.
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