Sakina Muhammad Ramzan Group
Sharfan baji and Zahida baji and Imtiaz baji each want a loan to buy a donkey cart for loading.
Amina baji wants a loan to buy seasonal vegetables for her vegetable selling business.
Parveen baji wants a loan to buy wheat to sell.
Sakina baji is a wife of M. R.. They both have been citizens of Pakpattan, Pakistan for the past 15 years. Her husband drives an auto-rickshaw (a local three-wheeled motor vehicle), but he drives a rented rickshaw and therefore doesn't get the whole income from his work. Sakina baji is applying for a loan to buy an auto-rickshaw for her husband.
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: Sakina baji wears a black and white dupatta in this picture and the buffalo belongs to Bilquis baji.
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