My name is Azra. I am 49 years old and married. I live in a city named Borewala, Pakistan. I own a two room brick house in the city where I have lived for the past 25 years. My husband's name is I. H.. He is a driver by profession. He drives an auto-rickshaw (a local three-wheeled motor vehicle) and has 15 years of experience. I am a mother of six children: three sons and three daughters. My eldest son is an electrician. My middle son works in an office. My youngest son reads in 2nd standard. My eldest daughter reads in 3rd standard. My middle daughter reads in 2nd standard. My youngest daughter reads in kindergarten.
It’s my wish to give my children a good education, because I truly believe that education is the key to success. If a person takes advantage of education they can achieve their goals. To achieve my wish, I earn money with the skill of sewing clothes. I get orders from my relatives and my neighbors. I have used the income to pay the school expenses for my children.
I am applying for a loan to buy repair tools for my eldest son, so that he is able to repair electrical items easily.
I am a group leader of some women in my locality. Nasreen akhtar baji wants a loan to buy wood to resell. Sharifan baji wants a loan to buy cosmetics to resell. Zaitoon baji wants a loan to buy groceries for her grocery shop.
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 each other's loans. If one member does not repay, the other members are responsible.
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.