Bashiran Anayat Masih Group
Her husband runs a business selling bed sheets which he buys from Lahore and sells in his native city, Vehari. They both have a wish to renovate their house and decorate it. Bashiran baji is applying for a loan to buy bed sheets to increase the profit of her husband’s business.
Bashiran baji is the group leader of four other women from her locality:
Shakeela begum baji wants a loan to buy items (taps [faucets], pipes) for her sanitary supplies business.
Shamim baji wants a loan to buy a sewing machine for sewing clothes.
Naseem khanum baji and Nazia baji each want a loan to buy auto-rickshaws (local three-wheeled motor vehicles).
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