She is known as a hardworking and responsible lady. She has a cloth selling business and her clientele base is women. She purchases the clothes from famous markets of Lahore named “Azam market & Ichra bazaar”. She has divided time for her personal and professional life and she never mixes the both with each other. This is the result that her family and her customers feel comfortable with her and appreciate her for her efforts.
She is asking for a loan of worth Pak Rs. 25,000 in order to expand her business by buying the clothes in bulk.
She has two other ladies in her loan group. Azra wants a loan to buy seasonal fruits for her fruit selling business. Khalida wants a loan to pay the remaining installments of her auto-rickshaw (a local three-wheeled motor vehicle).
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