Azra Bibi's Group
Azra is very ambitious lady; she owns and operates a bangles sales business. She has contacts in different jewelry shops of the market. She also sells her bangles to her community clients and generates a good profit on it. Her collection of colorful bangles attracts many customers to her. Bangles are an ornament which every woman likes and loves to wear.
Her husband is professionally a milkman. He has a buffalo at his home from which he gets milk to sell to different milk shops. He is also a very hardworking person.
Azra has applied for a loan from Kiva partner Asasah for her own business. With this loan, she will purchase more variety of bangles like steel, beaded and glittered bangles for selling. She is very hopeful that the added variety to her collection will help increase her sales and generate better profits.
Note: In the photo, the lady raising her hand is Azra bibi.
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