Rehana Kosar Shoqat Ali Shaheen Group
My husband is a delivery man. He delivers different items (fruits and vegetables) from one place to another. He has been in this business for the past 20 years. I belong to a decorative embroidery business. I learned this art from my mother when I left school. This work helps me a lot in having an independent life. I sell my work in cloth shops and earn a profit. I save my income to pay my children’s school and tuition fees. My husband pays the all house expenses. I have successfully repaid my two loans loan which I took from Asasah (a microfinance institute of Pakistan). Now I am applying for a loan again to repair my husband's truck so that he is able to continue his work again actively.
I am a group leader of a few more women in my locality. Fozia Baji wants a loan to buy iron to resell. Bushra Baji wants a loan to buy seasonal fruits for her fruit selling business. Riaz Baji wants a loan to buy milk for her milk shop. Mahnaz Baji wants a loan to buy clothes for her clothes selling business. Azra Parveen Baji wants a loan to buy ingredients (lentils, cooking oil and spices) for her food 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