Yasmeen M.shafiq Group
Yasmeen is a group leader of three other women in her community:
Zarina baji wants a loan to buy vehicle wheels to sell;
Munawar baji is requesting a loan to purchase cosmetics to sell;
Ameeran baji wants a loan to buy seasonal fruits to sell.
The funds for this group loan will be distributed among the members, each of whom will invest in her own business. The members guarantee one another's loans, so if one does not repay, the others 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