Rukhsana M. Wakeel Group
Rukhsana baji herself runs a clothes-selling business. She sells clothes to her neighbors and relatives and buys from different cities named Lahore and Multna. Rukhsana baji is applying for a loan to buy timber to expand her husband’s business.
Rukhsana baji is the group leader of three other women from her locality:
Jamila baji wants a loan to buy clothes to sell.
Noor ilahi baji and Sajida baji each want a loan to buy groceries for their grocery shops.
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