Salma Muhammad Saleem Group
This loan is for five people and the other members of the group are:
Akhtar Naheed Baji wants a loan to repair her sewing machine for sewing clothes.
Samina Kosar Baji wants a loan to buy cosmetics and a hair dryer for her parlor.
Kalsoom Akhtar Baji wants a loan to buy clothes for her tailoring center. Hanifan Baji wants a loan to buy medicines for her drug store.
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.
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