Shamshad Baji is a lady who values hard-working people. She believes that her husband is one of them. So to share his financial burden she makes artificial flowers and decoration pieces on order. Her husband appreciates her and respects her for her kind thoughts. Shamshad is applying for a loan to buy mason's tools for her husband so that he can efficiently perform his work and doesn't have to borrow tools from others.
Shamshad has in her group two other women. Zubaida baji and Kalsoom baji each want a loan to buy mason's tools for their husbands.
Note: Shamshad Baji is seated in the middle of the two women.
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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