Rashida M. Nazir Group
Her husband's name is M. N. who is a vegetable seller by profession. He has been in this profession for the past 10 years. Rashida is the mother of two kids: one son and one daughter. Both of her kids are getting an education. Rashida prepares embroidered dresses to pay off the school fees of her kids.
She successfully repaid four loans from Asasah (a microfinance institute of Pakistan). Now she is applying again for a loan to buy seasonal vegetables for her husband’s vegetable selling business.
She is the group leader of three another women from her locality. Shahida wants a loan to buy medicines for her medical store. Sharifan wants a loan to buy wood to sell. Rasoolan wants a loan to buy groceries for her grocery shop.
This is a group loan. Loan funds will be distributed among 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.
182View loans »
Success!! The loan was 100% repaid