Hajran has given birth to two boys who are not of a school going yet. She is a very hardworking lady. After finishing the household works she attends her grocery shop. Her presence in her shop is very essential because where her grocery shop is located there is tough competition among other grocery shops. If she misses a single day, she will faces great loss from the customer side. She does this work to save money for her children future.
She is requesting of a loan of worth Pak Rs. 15,000 which her husband will be used to repair the motorbikes.
She has two other ladies in her loan group. Khursheed baji wants a loan to buy fertilizer to sell. Sheema baji wants a loan to buy mason tools for her husband.
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