Hamidan Riaz Ahmad Group
Azra baji and Allah rakhi baji each want a loan to buy an auto-rickshaw (local three-wheeled motor vehicle).
Farzana baji wants a loan to pay off the installments of a tractor.
Hamidan baji is a very hardworking and responsible lady. She gets up early in the morning and prepares breakfast for her family. Then she readies her children for school and cleans the whole house. She performs her duties very efficiently. She is also the group leader of these above mentioned ladies. Her members respect her a lot because of her good nature.
Her husband’s name is R. A. and he runs a business making and selling plastic brushes. His brushes are used to clean washrooms. He sells the brushes to the market and earns income. Hamidan baji helps him by making the plastic brushes. She is applying for a loan to buy plastic beans and shapes for her husband’s plastic-brush business.
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