Umm-E-Kalsoom Bashir Ahmad Group
Her husband’s name is B. A. and he is a tailor by profession and runs a tailoring center in the community. Umm-e-Kalsoom baji is applying for a loan to buy another sewing machine so that her husband is able to grow his business.
Umm-e-Kalsoom baji is the group leader of four other women from her locality:
Bushra parveen baji wants a loan to buy groceries for her grocery shop.
Syeda Tahzib baji wants a loan to buy items (table covers, a tent and chairs) for her catering business.
Sugran baji wants a loan to buy items (scissors, chairs) for her salon.
Ghulam Fatima baji wants a loan to buy vegetables 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