Ghzala Yasmeen Javed Iqbal Group
She is the leader of a group including three other women from her locality. The other members and their loan uses are as follows:
Rubina Arshad baji wants a loan to buy a sewing machine for sewing clothes.
Anayat baji wants a loan to buy a sewing machine for sewing clothes.
Ruqaiya Bano baji wants a loan to buy scrap for her scrap 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: Ghzala baji is showing her sewing machine in this photo.
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