Mubashira Nadeem Zahid Group
Mubashira baji is a very active lady and runs a food-selling business. She prepares food items such as potato cutlet and vegetable rolls and sells them in the community. Her food items are very popular with people. She does this work to pay off the utilities of her house.
Mubashira baji’s husband runs a beauty salon in the community and has been in this business for the past five years. His salon is famous for its variety of haircuts and hairstyles. Mubashira baji is applying for a loan to buy items (scissors, creams and hair gels) for her husband’s beauty salon.
In the photo, Mubashira baji is standing in the middle of the group showing her food items.
This loan also consists of two additional people:
Nusrat baji wants a loan to buy seasonal fruits to sell.
Anwar baji wants a loan to buy rice to sell.
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