Azra herself is a very caring and supportive lady. She is involved in the embroidery profession. She crafts beautiful embroidered designs on clothes which earns good profit for her.
Her husband is a driver by profession. He drives a three-wheeled vehicle called a rickshaw and offers his services. He drops his passengers to their designated places. He has set charges route-wise which are very affordable for passengers.
Azra has applied for a loan from Kiva partner Asasah for her husband’s business. With the loan, her husband will change the body of his rickshaw and give it a presentable look so the passengers prefer getting his services and feel safe.
She is hopeful that the loan will be proved a productive one for her husband.
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