Bushran M. Nazir Group
Bushra baji helps her husband by cleaning the sugarcane with the duster and she also embroiders dresses on order to earn income. She is applying for a loan to buy more sugarcane for her husband so that he is able to earn more profit.
Bushra baji is the group leader of two other women from her locality:
Sugran baji wants a loan to buy cloth to sell.
Shamim akhtar baji wants a loan to buy cooking oil to sell.
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