Azra Parveen Abdul Majeed Mughal Group
Hamidan baji wants a loan to buy wood for making wooden boxes to sell.
Shakeela baji wants a loan to buy scrap for her scrap business.
Naseem baji wants a loan to buy a buffalo for her dairy business.
Azra parveen baji is the group leader of the aforementioned ladies. They all live in Lahore, Pakistan. Lahore is famous for its historical places and for its Punjabi foods. Her husband, A. M. M., runs a scrap business in the community. Azra baji has received no formal education because the community where she lives is very conservative and people don’t like to send girls to school. She was deprived of the education blessing. But she learnt the art of sewing clothes from her mother and now she is taking advantage of this skill to make money. She saves her income and plans to renovate her house with the money. She is applying for a loan to buy scrap for her husband’s scrap 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.
Note: In the photo, Azra baji is displaying a dress that she is sewing.
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