Razia is a very skillful lady and also knows the art of sewing. She has a sewing machine with which she sews clothes for her neighboring clients in her spare time. Her husband is a mason and constructs buildings and houses on order.
Razia has given birth to 2 sons and 2 daughters. Her eldest son operates a local food selling business, while her remaining children are continuing their education. She is a very experienced and hardworking lady and is confident that her business will grow further after investing the loan.
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