Shabana Samulean Masih Group
Shabana is the group leader of four other women from her locality. Shaheen wants a loan to buy leather to sell. Ulfat wants a loan to buy chickens for her butcher shop. Zareena wants a loan to change the body of her auto-rickshaw (a local three-wheeled motor vehicle). Yasmeen wants a loan to buy fruit to sell.
This is a group loan that will be distributed among members, each of whom will invest in her own business. The members mutually guarantee the entire loan. 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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Success!! The loan was 100% repaid