Faryda wants to take a loan for her tailoring business in order to enlarge her shop.
Pary wants to take a loan for her husband’s fuel-selling business. He wants to make his shop larger.
Hamma wants to take a loan for her home-based bead-working business so that she can buy the necessary materials for her work.
Hafeza wants to take a loan for her husband’s general store. He wants to buy goods for his shop.
The group want to thank Kiva and Kiva partner, AFS, for their help for 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