Lubna Qaiser Aleem Qureshi Group
Shabnam baji wants a loan to buy a lath machine.
Lubna baji has been a citizen of a city named Multan, Pakistan for the past 10 years. Multan city is famous for its shrines. She is the group leader of these ladies mentioned above. Lubna baji is a very hardworking and responsible lady. She runs her own boutique in the community to share the financial burden of her husband. In the boutique she displays her handmade collection of stitched & embroidered dresses. People like her collection so much and give her orders. She is applying for a loan to buy materials (beads, clothes and colored thread) to complete the order of her customer and to increase the profit of her boutique.
This is a group loan. The loan funds will be distributed among the group members, each of whom will invest in her own business. The members mutually guarantee one another's loans. If one member does not repay, the other members are responsible.
Note: "Grocery shop belongs to Alia naz baji".
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