Tahira Parveen Muhammad Habib Group
Parveen baji wants a loan to buy furniture for her tuition center.
Shahnaz begum baji wants a loan to buy readymade garments to sell.
Parveen akhtar baji wants a loan to buy seasonal vegetables to sell.
Tahira parveen baji is a very efficient and caring lady. She helps her husband in his fruit selling business. She arranges the fruit in the cart to make it easy to call the fruit names and to appear attractive to people. Her husband has been doing this business for the past 3 years. Tahira baji is applying for a loan to buy more seasonal fruits to expand her husband’s fruit selling business.
This is a group loan. The loan funds will be distributed among the group members; each the members 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: “Parveen baji is showing her vegetable business in the picture”.
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