Sabra Sagheer Ahmad Group
Sabra baji is a very supportive and caring lady. She shares the financial burden of her husband by preparing embroidered clothes. She takes orders from her relatives and neighbors and charges US$ 3 per embroidered dress. She is applying for a loan to buy another buffalo for her husband’s dairy business.
She is the group leader for some more women from her locality. Raheela baji wants a loan to buy a buffalo for her milk-selling business. Nazri baji wants a loan to buy meat to sell. Mussarat baji wants a loan to buy an ox cart for transport. Aflan baji wants a loan to buy ingredients (tea, sugar, and milk) for her tea stall.
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