My name is Khursheedan and I’m 29. I have resided in a city named Pakpattan, Pakistan for the past 10 years. I completed my education till 4th standard and couldn’t study further due to low financial resources. My husband's name is M. M. and he is a fruit seller by profession with 3 years of experience. I have four kids: two sons and two daughters. None of my kids is getting an education. We all know that inflation is increasing rapidly and it’s difficult for a single person to serve his family. So from an honest feeling I help my husband by making embroidered dresses. I completed a dress in 3 days and sell it in the cloth market and earn good income for it. I used my income to pay the expenses of my house and my husband pays the bills; e.g., electricity, water and gas. Our kids admire our struggle from the core of their hearts. I am applying for a loan to buy a donkey cart so that my husband can sell the fruit easily without any walking pain.'
She is a group leader of some more woman of her locality. Khairan Baji want a loan to buy fertilizer to resell. Allah Muafi Baji wants a loan to buy a buffalo for her milk selling business. Nazia Baji wants a loan to buy electric items such as televisions and fridges on installments to resell. Hamidan Baji wants a loan to buy animals (goats) for her animal selling business.
This is a group loan. The loan funds will be distributed among the group members, each of whom will invest in her own business. The members mutually guarantee one another'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.