Naseem Muhammad Khan Group
Naseem baji also helps him by taking care of his goats. She is applying for a loan to buy animal feed so that her husband can complete the orders from his customers and earn more income.
She is the group leader for four other women from her locality. Naziran baji wants a loan to buy groceries for her grocery shop. Another Naziran baji wants a loan to buy a lathe. Parveen Akhtar baji and Sajida baji each want a loan to buy bakery items (biscuits and chips) to sell.
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: Naseem baji is seated third from the right 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