Razia Sultana's Group
Razia owns and operates a clothing and embroidery business. Her work is home-based. She receives orders from her community clients and earns income for the family. Her husband runs a grocery store where he serves people from the community. His good business sense and fair dealing always get priority among his customers for purchasing.
Razia has requested a loan from Kiva partner Asasah for her own business. She will use the loan to buy a new sewing machine because her current machine takes a lot of time to sew a single dress and does not produce quality work. Razia is hopeful that with this investment she can expand her business further.
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