Razia Bibi's Group
She crafts beautiful embroidered dresses on-order which helps her to attract more customers. She utilizes the income she earns to manage the household expenses.
She is the mother of six children and all of them are getting an education.
Her husband’s economic mainstay is selling hosiery items. He has very good salesman qualities. He sells the hosiery items (socks, panties, caps, etc.) to his customers at reasonable rates. His sales become especially increased in the winter season.
Razia bibi is requesting for a loan from Kiva partner Asasah for her husband’s business. Her husband intends to use this loan to purchase hosiery items in larger quantities for reselling.
She is very sure that the loan investment will bring positive financial changes to her husband’s business and allows him to increase his sales in this winter season as well.
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