Nargis Muhammad Yaqoob Group
Yasmeen baji wants a loan to buy mobile phones to sell.
Allah rakhi baji wants a loan to buy beams for her shuttering business.
Another Allah rakhi baji wants a loan to buy a welding machine.
Nargis baji is the group leader of these aforementioned ladies. They all belong to a city named Lahore, Pakistan, which is famous for its historical places and for its Punjabi foods. They all are very responsible ladies. Nargis baji is very happy to keep them in her group because of their good nature and behavior.
Nargis baji operates a clothes-sewing business because, in Pakistan, for parents to afford their children’s education expenses, they learn some skills; and sewing clothes is one of them. Nargis baji uses her income as needed.
Nargis baji’s husband is M. Y. who runs a game shop in the community. Kids come to his shop to play games. The snooker game is especially popular with children. She is applying for a loan to buy another snooker table for her husband’s game shop.
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