Hanifan Haji Muhammad Jamil Group
Hanifan baji runs an embroidered-clothes business. She prepares embroidered dresses on orders which she collects from her relatives and neighbors. It’s a time-intensive profession; therefore, she decided to buy an embroidery machine which will help her to complete the orders on time and earn more profit.
She is the group leader of two other women from her locality:
Naseem baji wants a loan to buy an auto-rickshaw (a local three-wheeled motor-vehicle).
Tasleem baji wants a loan to buy embroidery material (beads and colored thread) to resell.
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