Ahmad Fawad Group
Ahmad Fawad wants to take a loan to repair his taxi. Bebe Sheren wants to take a loan for her husband, who has a small restaurant. Bebe Sheren's husband wants to purchase a new desk and chairs for his restaurant. M. Nauim wants to take a loan for the tailoring business and he wants to buy a new machine for his shop because he has lots of problems with old one he has during sewing. He also wants to hire a student to support him in his business and to enlarge his business. Farad wants to take a loan for the business of tailoring.
They requested a group loan of 56000 Afghani for a term of 10 months. They are very thankful to Kiva lenders that support the entrepreneurs in the progress of their business.
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