Azra herself is a social worker. She teaches women of her community about their health. Woman of her community come to her for discussing health issues.
Her husband is a vegetable vendor. He specifically sells potatoes and onions. These two products are in great demand. He makes good sales every month by visiting different areas on his four-wheeled cart. He has been operating his business for more than five years.
With this loan, her husband will purchase potato and onion sacks in larger quantity for increasing his sales and profits.
She is confident that her husband’s income will be increased further after the loan investment.
Note: In the photo, the lady holding a book (called Asasah Passbook) is Azra.
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