Nasreen Ghulam Nabi Group
Naseem baji wants a loan to buy wood for her furniture-making business.
Shahnaz baji wants a loan to buy scrap for her scrap business.
Rashida baji wants a loan to buy a movie camera for her movie making business.
Nasreen baji, wife of G. N., lives in Lahore, Pakistan, a city famous for its historical places and Punjabi foods. Her husband is a cobbler by profession. He takes orders from the shoe companies and completes their orders by making shoes and earns income. He has been doing this business professionally for the past three years but has been learning this art since his childhood. Nasreen baji is applying for a loan to buy material (leather, nails, and gum) for her husband’s shoe making 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