PhilippinesAgricultureFunding via Community Economic Ventures, Inc. (CEVI), a partner of VisionFund International
PhilippinesRetailFunding via Center for Community Transformation Credit Cooperative, a partner of HOPE International
UgandaClothingFunding via UGAFODE Microfinance Limited
Hamasa-E One Group
These three members have requested a group loan of 42,000 Afghani. Rahmatullah, who is the second member of Hamasa-e one group, has a business selling mobile cards. He supports his family members using the income from his business. His purpose in getting a loan is to expand his business. The last member is Hamasa who is a tailor. Since the Taliban regime, she has been sewing clothes because at that time they had lots of economic problems. Now with the Kiva loan, she wants to buy a new sewing machine and wants to start her business in a new way to support her husband and children.
They all would like to thank the 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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Success!! The loan was 100% repaid