Fareuba is the group leader of Fareuba group. There are four members in this group. Each of them wants to take a loan for their business.
Fareuba wants to take a loan for her husband for animal husbandry. Khlda wants to take a loan for her husband's general store. Tahera wants to take a loan for her brother who is a farmer. Saleema wants to take a loan for a bead working business. They are requested a group loan of 56000 AFN. They are very happy for this process of loans 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.
0View loans »
Success!! The loan was 100% repaid