Khursheed Muhammad Ramzan's Group
Khursheed’s children are very obedient and mind everything she says. They respect her very much and take care of her in the way she takes care of them. They like to give her every happiness in life so she never thinks about her loss.
Khursheed has applied for a loan, her fifth from Asasah, for her son’s grocery business. He has been in this business for the past ten years. With the loan he will buy grocery items such as rice, lentils, cooking oil and spices, etc. in bulk quantity for his shop. Khursheed is hopeful that this investment will yield a positive impact on her son’s business. She herself has responsibly paid her previous loan installments every year and attended every meeting.
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