Naseem akhtar baji has been a resident of the city of Vehari, Pakistan for the past 10 years. Her husband, M. I., works in a factory. Naseem baji is the mother of two children; one son and one daughter. Both of her children get an education at the local school. Naseem baji is a very hardworking lady. She sews clothes without caring whether it is day and night. She sews clothes to pay off the school fees of her children. Her family is very happy with her kind and loving behavior. She is applying for a loan to buy an electric sewing machine so that she sews more clothes and save time.
She is a group leader of several other women of her locality. Naseem begum baji wants a loan to pay the installments of her auto-rickshaw (a local three-wheeled motor vehicle). Syeda touqeer baji wants a loan to buy cigarettes to sell. Hamidan baji wants a loan to buy thread to sell. Anwar begum baji wants a loan to buy beams for her window shutter business. Taish naz baji wants a loan to buy clothes for her clothing 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.