Zareena Muhammad Mubarak Group
At her age, Zareena baji wants to set a good example for her grandchildren and for her family. In spite of her age, she keeps working on her sewing machine, sewing clothes. In this photo she is playing with her grandson and laughing. Her husband is also a very mature person and is a driver by profession. Zareena baji is requesting for a loan to buy an auto-rickshaw (a local three-wheeled motor-vehicle) because her husband is currently driving a rented one and pays half of his income to the owner.
This group loan consists of three additional people:
Zuhran baji wants a loan to buy a lathe.
Fozia baji wants a loan to repair her auto-rickshaw.
Mukhtaran baji wants a loan to buy tools for her motor workshop.
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