She is very experienced in her business and has been operating it for the past many years. She is very hopeful that a loan investment will be more productive for her.
Her husband is illiterate and operates a food stall in the community market, where he sells nan chanay (a famous dish made with chick-peas and served with bread). The taste of his dish is very good and he makes good money from his business.
Razia is the mother of an 18-year-old son who has studied until eighth grade and currently remains at home.
She is very hopeful about her family’s better future as a result of 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