Sabor Kapysa Group
Sabor wants to take a loan for his business (general store) and he wants to buy necessary materials for his shop and make his shop larger. Faryada wants to take a loan for her brother’s business as baker; he wants to make his shop better and change his business.
They are very happy about the loan process and want to say that it can support an entrepreneur’s lot.
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