I am Nafees B. and I live in a one-room, mud-brick house with my family here in Multan, a mid-sized city in Pakistan. I have three kids: two boys and one girl, all aged between one and five years old.
My husband is a butcher and sells meat. He wants to buy a few additional cattle for this purpose.
My group members are in need of loans also. Zubaida M. is borrowing for her family’s shoes business. Kaneez B. trades bamboo. Sughran B. sells bangels. Shahbaz B. makes and sells carpets.
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.