Amire Mohammad Group
Amier M. wants to take a loan to expand his fresh fruit business. Fatana wants to take a loan for her husband’s embroidery business. He wants to buy necessary materials for his shop. Manezha wants to take a loan for a new machine for her tailoring business. And M. Amier wants to take a loan for his business. He wants to buy necessary materials for his general store.
They want to thank Kiva and AFSG for bringing this process of loans to Afghanistan to help poor people.
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