Razia Begum's Group
Razia is requesting a loan from the Kiva partner Asasah to buy materials such as beads, colored thread, and cloth for her decorative embroidery business. She will purchase larger quantities of these supplies to enable her to complete orders on time and increase her profit. Razia is hopeful that her loan will improve her business. In this photo, Razia begum is raising her hand.
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