Gal Dasta is the group leader of Gal Dasta group. There are three members in this group. Each of them would like to receive money for her own business.
Shajan and Gal Dasta want to take a loan for their businesses and the other member would like to take a loan for her tailoring business. They all want to see progress in their businesses and earn more money to support their families better.
They say that these loans con be very useful because they provide a chance for poor entrepreneurs to expand their businesses.
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.