Naziran is also a very hardworking lady. She runs a sewing clothes business. She does this work to improve the standard of living. She saves her income in a committee and has a plan to marry off her elder son with the amount.
Her husband name is M. S. and has a food stand in the market. He has been doing this work for over 15 years. He learned cooking from his mother and then took it as a profession. He feels good when the customers praise about his food.
Naziran is applying for a loan of worth Pak Rs. 15,000 which she will be used to buy material (lentils, cooking oil and rice etc) to increase her husband’s food selling business.
She has four other women in her loan group. Maqsooda yasmeen wants a loan to buy fertilizer to sell. Firdous baji wants a loan to buy vegetables for her vegetable selling business. Faizan baji wants a loan to buy wheat to sell. Sakina baji wants a loan to buy clothes for her clothes selling business.
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