The women in the group all reside in Lahore, the second largest city in Pakistan. Seema’s subgroup members are: Yasmeen (who has a grocery store), Asma S. (her husband is a welder) and Rehana B. (who has a thread manufacturing business). Lastly, Safia B. is a widow who has a printing press.
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.
381View loans »
Success!! The loan was 100% repaid