Razia has applied for a loan from KIVA partner Asasah for her clothes-selling business. With the loan investment, she will buy clothes in bulk quantity, which will allow her to offer more choices and a better variety of clothes to her clients. This will enable her to increase her sales and profits.
Razia is very experienced in her business and has been operating it for many years. She is very confident that her business will improve as a result of the loan investment.
Razia is the mother of two sons and one daughter. Her sons work while her daughter is studying.
Razia hopes that she will be able to send her daughter to a better school after improving her business.
Note:In the photo, the lady holding a book entitled "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.