Razia is an embroidery artist by profession. She crafts beautiful embroidery designs onto dresses. The attraction of her work is that she never use any embroidery machines; she relies only on her hands to make her beautiful designs. She sells her work primarily to her neighbors. She has a good reputation among her clients and earns good income every month from her work.
Razia is married to T. H., a milk seller by profession. T. has some buffalos at home which provide milk. His clients, including various milk shop owners, are from surrounding areas. He sells milk to them to generate income for the family.
Razia is a regular client of Asasah, a Kiva partner. She has proved herself to be a dependable client, and has never missed a meeting. She is making her 2nd loan application for a loan for her husband’s business. He will use the money to buy another buffalo and increase his milk supply, which will increase his income as well. She is hopeful that her husband will make good use of his 10 years of experience in the dairy business to get maximum output from this investment. She also hopes that she will be able to send her children to school soon with the increased income generated by the loan.
Note: In the photo, Razia is holding a blue book.
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