Razia is the mother of two children. Both of them are young and stay at home. Due to financial constraints, Razia couldn’t educate them. She is an experienced lady and has been operating her business for the past many years. She is confident that an investment will help her improve her business.
In the photo, the lady holding a book (an 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