Noreen Faqeer Hussain Group
Noreen baji is applying for a loan to buy seasonal fruits to advance her husband’s fruit-salad business. In the photo, Noreen baji is seated in a middle of the baji’s.
This loan group consists of four additional people:
Saima baji wants a loan to buy groceries for her grocery shop.
Kosar parveen baji wants a loan to buy a welding machine.
Rani baji wants a loan to buy paint boxes to sell.
Nasreen baji wants a loan to buy cosmetics 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