Shamim Muhammad Arif Group
My husband’s name is M. A. and he drives a donkey cart. He uses this cart to deliver different items (e.g. fruits and vegetables and construction supplies) from one place to another. I’m applying for a loan to buy a new donkey cart because the old cart has become rough and rotted in several areas.
I’m the group leader of seven other women from my locality:
Naseem baji wants a loan to buy material (colored thread, beads and clothes) for her decorative embroidery business.
Khursheed baji and Naseem baji each want a loan to buy groceries for their grocery shops.
Safia baji and Guddu baji each want a loan to buy seasonal vegetables to sell.
Razia baji and Nazia baji each want a loan to buy a donkey cart for loading.
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