Asia Muhammad Imran Group
Asia baji is a very active lady. She performs all her duties very effectively. She takes care of every person in her family and even her group members. She has an ability to build good relationships with people. She is applying for a loan to buy wood and nails for her husband’s furniture-making business.
This group loan consists of four additional people: Kalsoom baji wants a loan to buy a donkey cart for hauling. Parveen baji wants a loan to buy cosmetics to sell. Shahnaz baji wants a loan to buy colored thread, beads and clothes for her embroidered-clothes business. Khalida baji wants a loan to buy a sewing machine for sewing clothes.
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: Asia baji is standing in the middle of the bajis and wears a black shawl 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