Parveen Akhtar Mumtaz Ali Group
Parveen akhtar baji is a 38 years old married woman. She owns a two room brick house in the city of Pakpattan and has been living in it for the past 16 years. Her husband's name is M. A. and, for the past 16 years, he has been in the business of selling cooking oil. Parveen akhtar baji is the mother of six children: four sons and two daughters. Her elder son is a driver and drives an auto-rickshaw (a local three-wheeled motor vehicle). The others are enrolled in a school and are receiving an education. Parveen baji helps her husband sell cooking oil. She sells in the community and her husband sells in the shops. She is applying for a loan to buy cooking oil to expand the business.
Parveen akhtar baji is a group leader of more women in her locality. Nazia baji is requesting a loan to buy books of different subjects (religious, Syllabus and fiction books) for her book stall. Riffat sultana baji is requesting a loan to buy wood for her furniture making and selling business. Haleema baji is requesting a loan to buy lentils, cooking oil and spices for her food business. Hamidan baji is requesting a loan to contract for land to grow seasonal vegetables to sell. Sharifan baji is requesting a loan to buy chick peas, flour, cooking oil and spices for her food 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.
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Success!! The loan was 100% repaid