Nasreen Muhammad Bashir Group
Nasreen baji is a wife of M. B. who has lived in a city named Lahore, Pakistan for the past 15 years. Lahore city is famous for its historic places and for its Punjabi foods. Her husband has dealt in seasonal fruits for the past 2 years. He buys fruits at wholesale and sells to the fruits shops. Nasreen baji is a very caring lady. She takes care of her husband’s every desire and always tries to give him happiness. She packs the fruits before his asking which impresses her husband a lot. She is applying for a loan to grow her husband’s seasonal fruit 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.
Note: “Shazia baji is displaying her embroidered cloth in this 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