Shamim Muhammad Ahmad Group
Shamim S. baji wants a loan to buy another water-buffalo for her milk selling business.
Allah rakhi baji wants a loan to buy seasonal fruits for her fruit-selling business.
Kalsoom baji wants a loan to buy a donkey cart for loading.
Shamim baji, wife of M. A., is the group leader of these aforementioned ladies. Her husband runs an ice-selling business. He sells ice on a cart and treks to different communities and towns to sell it. His business grows in the summer season. Shamim baji is applying for a loan to buy ice to advance her husband’s business.
Shamim baji is seated on the left side in the photo wearing a pink dupatta and the water-buffalo belong to Shamim S. 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