Farzana wants to take a loan for her husband who has a cart he uses for selling secondhand clothes. She has a share in the business with him - she organizes the clothes and irons them, then her husband sells them in his cart.
Salma and Shakera also share a business with their husbands. They clean and package fresh fruit at home then their husbands sell the fruit in their carts.
Khorshed would like to take a loan for her brother’s gas-selling shop. He would like to buy the essential materials for his shop and expand his business.
Malaly wants to take a loan for her husband’s metal shop.
Taheba would like to take a loan for her husband’s dish-selling shop.
Shakila wants to take a loan for her husband’s gas-selling shop.
Together, they requested a group loan of 70,000 Afghani. They admire this effective loan process.
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