Razia Sultana's Group
She is the mother of five children (two daughters and three sons). All of her children are young.
Razia has requested a loan from Kiva partner Asasah for her own business. With the loan, she will buy material such as thread, beads, and colorful ribbons in larger quantities to prepare better quality and better looking prandas for sale.
She is confident about the further expansion of her pranda-making business after the loan investment.
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