Shafiqan Ali Hassan Group
Anwari begum baji wants a loan to buy a lathe machine.
Sarwari baji wants a loan to buy vehicle wheels to sell.
Rasheedan baji wants a loan to buy paint boxes to sell.
Shafiqan baji is a wife of A. H. who has lived in Vehari, Pakistan for the last 14 years. Her husband deals with seasonal vegetables. He buys vegetables wholesale and sells to the vegetable shops to earn income. Shafiqan baji also has a thread roll making business. She sells the thread rolls to the thread sellers and earns income. She is the group leader of the aforementioned ladies. Her members are very happy to have her as a group leader because of her good behavior. She is applying for a loan to buy seasonal vegetables to expand her husband’s 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.
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Success!! The loan was 100% repaid