Sakina Ghulam Nabi Group
Naziran baji wants a loan to buy groceries for her grocery shop.
Nasreen baji and Anwar baji each want a loan to buy groceries for their grocery shops.
Sakina baji is the group leader for the above-mentioned ladies and a citizen of a city named Borewala, Pakistan for the past 10 years. Borewala city is famous for its shrines. Her husband's name is G. N. and he runs a construction supplies business. He gets orders from building contractors and earns a profit. He has been doing this work for the past 5 years.
Sakina baji runs her embroidery business to earn income. She gets orders from her neighbors and relatives. She does this work so she can save for a rainy day. She is applying for a loan to buy construction supplies so that her husband can complete the orders of his customers.
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.
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