Abida baji is a citizen of a city named Lahore, Pakistan. Lahore city is famous for its historical places and Punjabi foods. Abida baji is married to A. M. who runs a mobile phone shop where he sells used mobile phones at cheap rates. Abida baji is the mother of eight kids: seven daughters and one son. All of her kids are enrolled in a local school located near to the house. Abida baji operates a sewing clothes business. She sews clothes to meet the financial expenses of her house so that her husband can relax and concentrate on work. Abida baji successfully repaid her three loans from Asasah (a microfinance institute of Pakistan). Now she is applying for the fourth time to buy mobile phones for her husband’s shop.
She is the group leader of four other women from her locality. Shamim baji wants a loan to buy clothes for her clothes-selling business. Rubina baji wants a loan to buy sanitary supplies (taps and pipes) to sell. Razia baji wants a loan to buy seasonal vegetables to sell. Anwari baji wants a loan to buy wood to sell.
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.