New loans to women groups

pakistan microfinance

Jamila (L) and her microfinance entrepreneural group

 Today, we issued a new batch of microfinance loans. This batch contained only loans for groups, mainly consisting of women.

In a group loan, each member of the group receives an individual loan, as a 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. Groups may or may not be formally bound by a group guarantee, where 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. Let’s take the case of second loan, featuring Jamila, a mother of six, in Pakistan.

Jamila will utilize the loan for her dairy and livestock business. With the loan investment, she, and her husband will buy a buffalo that will help him get larger quantities of milk for sale.

The other loans we issued today are:

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