Nagina Parveen's Group
Nagina Parveen is a very caring lady. She stays at home and takes care of her family. She has given her children good manners and teaches them about discipline and respecting their elders. She has successfully repaid her two previous loans to Kiva partner, Asasah (a microfinance institution in Pakistan). Now, she is applying for a loan to purchase plastic utensils, such as cups and plates, in bulk to expand her elder son's 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