Razia lives with her six children who are 20, 18, 15, 14, 12 and 8 years old. Razia runs a store where she sells basic household products. She has been in this business for many years. All her neighbors and friends from her area are customers.
Her husband has a dairy business that provides him a decent income every month.
Razia is requesting for a loan from Kiva partner Asasah to buy oil, lentils, rice, spices, etc. This purchase will increase her stock and will help her to improve her customer service.
Razia’s aspiration is to improve her business’s financial conditions, so she can provide better living facilities for her children and make them successful in their lives.
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.