Khalida Parveen Qasim Ali Group
Muniran baji and Arshad baji each want a loan to buy auto-rickshaws (local three-wheeled motor vehicle).
Shamim baji wants a loan to buy vehicle oil to sell.
Khalida parveen baji is a very hardworking lady and a group leader of these above-mentioned ladies. She is a very responsible and good-natured lady. All of her members respect her a lot. She runs her decorative embroidery business. She takes orders from the cloth shops and charges them according to the work. Her husband has a juice corner in the community where he sells different fruit juices and earns an income. People come to him from different communities for juice. Khalida baji is applying for a loan to buy another juicer machine for her husband’s juice corner.
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.
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Success!! The loan was 100% repaid