Raqya and Zakera want to take a loan for her business of beading and Gheta wants to take a loan for her husband’s business of general store.Gullaly wants to take a loan for her business of husband’s. The all wants to buy necessary materials for their businesses.
They want to say this loan is very use full because this loan can provide a good chance for poor entrepreneurs to expand their business and become stronger in there business and life this group wants to thank this process of loan 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.
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Success!! The loan was 100% repaid