She is a caring mother as well as a caring wife. She stays at home and does household chores. She also cooks delicious and healthy food for her family.
Her husband is involved in a cosmetics selling business. He purchases the cosmetics at wholesale prices and then sells them to the cosmetics shops. He has been in this business for over ten years.
Razia is applying for a loan from Asasah to invest the capital in her husband’s business so he can purchase cosmetics in bulk and increase his profits.
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