Nagina M.ashiq Group
Her husband is a mechanic and wants to start a motor workshop. Nagina baji is applying for a loan to buy mechanical tools so that her husband is able to start his own workshop and earn a good income.
Nagina baji is the group leader of five other women from her locality:
Shabana baji wants a loan to buy groceries for her grocery shop.
Kiran baji wants a loan to buy sanitation supplies (taps [faucets], pipes) to resell.
Rukhsana baji wants a loan to buy mechanical tools for her motor workshop.
Munawar sultana baji and Tasneem baji each want a loan to buy seasonal fruits 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