Razma Ramiz Group
Najeebullah, the group leader, runs a shop which sells parts for cars. He will use his portion of the loan to buy more materials for this shop because he believes that this is the best way to attract more clients. Ramiz runs a retail store, and would like to expand the range of products he sells to his customers. Razma has applied for assistance to help her brother expand his store. Mary, who makes a living as a seamstress, would like to buy a new sewing machine because her old one no longer works very well. Homa, who also works as a seamstress, needs to buy additional materials for her business.
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