Koser F. S., the leader of this group, is married and a mother of six. She resides with her family in the small town of Depalpur, a small city in Pakistan. To make a living, her husband goes door-to-door selling cloth. For this purpose he uses his cycle. Last year, her family invested a small loan in this business and it increased their income. Currently, they need another loan to make their business even better, so that her children may finish their schooling and find decent employment for themselves. The other members of this group are: Kalsoom L., who runs a beauty saloon; Halima B., whose husband runs a tea stall and a sweets counter; Ghulam S., who will use the loan to improve her fruits business; and Imam H., who is borrowing for her family's livestock business. Altogether, they are requesting $1,250.00.
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.