Meir Malang is the group leader. He is a man who is 38 years old. He is married, having 6 children, four sons and two daughters. He has a retail shop. And now his business income is low so he wants to expend his business and increase his business income.
The second member is Gula, who is a tailor. Before emigrating she was sewing clothes. But now in Pakistan they have lots of economic problems so they left. Now by the Kiva loan she wants to buy a new sewing machine, clothes and wants to start her business in a new way to support her husband and children.
The last member is Dewa who has the business of beadworking. And through its income she supports her family members.
They would like to thank both AFS and Kiva lenders that support the people around the world through their effective 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.
0View loans »
Success!! The loan was 100% repaid