Rabia Yasmeen Zafar Iqbal Group
Rubina baji and Gulshan baji each want a loan to buy clothes to sell.
Rubi baji wants a loan to buy an auto-rickshaw (a local three-wheeled motor vehicle).
Nargis baji wants a loan to buy vehicle spare parts to sell.
Rabia yasmeen baji, wife of Z. I., has lived in a city named Lahore, Pakistan, for the last eight years. Lahore city is famous for its historical places and for its Punjabi foods.
Rabia baji is a very hardworking lady. She operates a business selling cosmetics and perfumes which she buys from the famous market of Lahore “Shahalmi” and sells to the cosmetics shops. She does this work to earn a good income to manage the financial expenses. She is applying for a loan to grow her business by buying more cosmetics and perfumes.
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