I am Parween M. S. from Borewala, a small town in Pakistan. I am married and a mother of four: two boys and two girls. We live in a one room brick mud house. My husband trades goats and sheep, and he plans to buy a few additional goats for his business. I also help my husband in his business and take care of his goats and sheep. My group members are: Naziran B., who needs a loan to buy her son a rickshaw; Ramzana B., who needs a loan to buy goats and start our livestock trading; Barkat B. needs a loan to buy her husband a rickshaw; Naziran I., who will invest the money in her husband’s sheep and goat trading; and Zarina B. requires a loan for their rickshaw repairing 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.