Bashiran Majeed Masih Group
She is the mother of three kids: two sons and one daughter. Her sons are also involved in their father’s business. Her daughter is 12 years old and stays at home and does household work. Bashiran baji is involved in a milk selling business. She has a buffalo at her house and gets milk from her by getting up early in the morning. She does this work to share the financial burden of her husband. She successfully repaid her two previous loans from Asasah (a microfinance institute of Pakistan). Now she is applying for a loan to buy animal food to resell.
She is a group leader of some more women of her locality. Fozia baji and Razia baji each want a loan to buy leather to resell. Wanaliat baji wants a loan to buy a buffalo for her milk selling business. Farzana baji wants a loan to buy animals (goats) 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