With the loan investment, Azra will buy tea at a wholesale price and will sell for higher profits.
Azra has been operating her business for the past many years and confident that her business will be improved further after investing the loan.
Her husband has a motorbike rental business. He rents motorbikes to his clients and charges on and hourly basis.
Azra has given birth to 4 children. All of them are enrolled in local school.
She is very confident that her business will be improved after receiving the loan and she will be able to continue providing education to her children.
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