My name is Naseem A. H.. I am married and have seven children: four boys and three girls. Currently, three of my kids attend school. I have lived all my life in Kot Radha Kishan, a small town in Pakistan. My husband is a butcher and sells meat. Along with this he also sells livestock. Currently, we require a loan to buy a cow. I have few other women in my loan group. Rukkiah B. needs a loan for her dairy business. Jameela B. plans to use this loan for her crockery business. Salma B. requires a loan to buy a cow. Tahira B. also plans to buy a cow. All the members in my loan group are very responsible and cooperate with me in every unit 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.