Naseem akhtar baji is a 53 year old married lady who has lived in Pakpattan, Pakistan for the past 15 years. Pakpattan city is famous for its shrine places. People come to this city to visit the shrine places to make wishes. Her husband's name is M. D., who has been a ticket checker for the Railway for the past 30 years. Naseem baji is a mother of four kids: three sons and one daughter. All of her kids are getting their education from a school located near to their house. Naseem baji and her husband have a dream to see their children do well, and for that dream they work hard. She sews clothes by taking orders from her neighbors, both day and night. She is a highly determined lady who wants to achieve her dream. She is applying for a loan to buy another sewing machine because her old machine is starting to have problems.
She is a group leader of some more women of her locale. Abida parveen baji wants a loan to buy a sewing machine for sewing clothes. Jannat baji and Sumera baji each want a loan to buy a donkey cart for loading. Saima 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 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.