Farahnaz wants to take a loan for her business of carpet weaving and Semen Gul also wants to take a loan for the business of carpet weaving.
Anesa wants take a loan for the business of carpet weaving and Nafesa Gul also wants to take a loan for the business of carpet weaving.
They are very thankful to AFS and to Kiva lenders who are able to support all the people in an around 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