Zahida Parveen M. Nazir Group
Zahida baji is the mother of three: two sons and one daughter. Her elder son is a welder and the younger son works in a factory for a monthly wage. Her daughter reads in 10th standard. Zahida baji operates a clothes selling business. She buys clothes from the city of Multan and sells in her native city Lahore. She does this work to pay off the school fees of her daughter so that she will able to complete her 10th standard without any difficulty. She is applying for a loan to buy clothes to expand her clothes selling business.
She is the group leader of four other women from her locality. Shahnaz baji wants a loan to buy material (sugar, cooking oil and dry fruits) for her sweetmeat selling business. Safia baji wants a loan to buy an auto-rickshaw (a local three-wheeled motor vehicle). Qamar khanum baji wants a loan to buy another juicer machine for her juice corner. Khalida parveen baji wants a loan to buy cigarettes to sell.
This is a group loan. The loan funds will be distributed among the group members, each of whom will invest in her own business. The members mutually guarantee one another's loans. If one member does not repay, the other members are responsible.
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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