Parveen Younas Masih Group
Naziran baji wants a loan to buy wood to sell.
Ramzana baji and Rubina baji each want a loan to buy groceries for their grocery shops.
Razia baji wants a loan to buy a donkey cart to transport loads.
Jamila baji wants a loan to buy cosmetics to sell.
Parveen baji is the wife of Y. M. and they have been living in a city named Borewala, Pakistan for the past 10 years. Her husband runs a timber-selling business. He has 4 years of experience in this business. Parveen baji operates an embroidery business. She prepares embroidered dresses for her neighbors and relatives and earns income. She does this work to share the financial burden of her husband. She is applying for a loan to expand her husband’s timber-selling business.
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