Muhammad Qasam Group
Muhammad Qasam is the leader of the Muhammad Qasam group. There are two members in this group and each of them wants to take a loan to expand their businesses. Muhammad Qasam wants to take a loan for his general store. Pare Gul wants to take a loan for her husband's general store.
They want to take a loan for 28000 Afghanis for the term of eight months. They are very happy to have this loan process in Afghanistan.
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