Khursheed M.anwar Group
Khursheed baji is the wife of M. and has been living in the city named Riwind, Pakistan for the past 6 years. She completed her education only until the 5th standard because her family was poor and could not afford her education expenses. Khursheed baji is the mother of five children: two sons and three daughters. Her elder son runs a small hotel in his community. The remaining children are enrolled in a neighborhood school. Khursheed baji’s husband has been selling wood for the past 10 years. For the past 10 years, Khursheed baji has been selling clothes. She buys second hand sweaters at cheap prices and resells them in her community.
Khursheed baji has successfully repaid her first loan from Asasah (a microfinance institute of Pakistan). She is now applying for a loan to buy more warm clothes and sweaters to increase her profit. She is joined in her loan group by a few more members. Rahmat baji is requesting a loan to buy more shoes for resale. Sakina baji is requesting a loan to buy tools used to fix electronic items (air conditioner, tube lights). Parveen baji is requesting a loan to buy oil and gas for resale. Safia baji is requesting a loan to buy wood for resale. Naseem baji is requesting a loan to buy more wood for resale.
This is a group loan. The loan funds will be distributed among the group members, each of whom will invest in their own business. The members mutually guarantee one another's loans. If one member does not repay, the other members are responsible for repayment.
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