Karema and Sareya want a loan for their carpet-weaving business; they want to buy necessary materials. A. W. wants a loan for his taxi business, and wants to buy necessary materials. Omid wants a loan for his metal shop business; he wants to add to his stock and enlarge his shop. They all want to expand and improve their businesses and want to earn more money to support their families.
They are very happy with this loan process in Afghanistan. They want to thank all AFSG and Kiva lenders.
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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