My name is Zahida P. from the second largest city Lahore, Pakistan. I am married and a mother of six: four daughters and two sons. My husband is a welder and runs a welding workshop. He works very hard from morning till noon everyday. He hopes to expand his business further and therefore needs a loan. Last year, he bought me a TV and fridge with his earnings. I request loans for my group members who are: Noreen B. wose husband repairs cycles. Nargis B. who sells ready made garments. Gulzar B. who needs to buy cloth. Shamshad B. is borrowing for her husband to buy him iron for his welding business. I have been their Group Leader for last three years and help them so that they can completely escape poverty and earn decent livelihoods for their families.
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.