Rukshana Ghulam Sarwar Group
Rukshana baji is a 44 year old married woman that has resided in Multan, Pakistan for the past 13 years. Her husband's name is G. S. and he works in a factory for a monthly wage. She is the mother of four kids: two sons and two daughters. Her oldest daughter helps Rukshana baji make embroidered clothes. The remaining children are enrolled in a local school located near their house. Rukhsana baji makes embroidered dresses to help her husband meet the financial expenses. She is applying for a loan to buy material such as colored thread and cloth for her embroidery business.
Rukshana baji is a group leader of some more women in her locality. Parveen begum baji is requesting a loan to buy clothes for her clothing selling business. Shamim baji is requesting a loan to buy rice to resell.
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