Gulaly who is 35, has a business doing embroidery work. She is married with four children, all students. With the loan, she would like to expand her business as she would like to support her husband and her children.
The second member is Meher who is a bead worker. She started this business during the Taliban regime because at that time women had no choice to go outside to work. Thus she decided to start the bead-work business in her home to support her husband and her children.
Afghani is the third member and she would like to receive a loan for her brother who is a taxi driver. With the loan he needs to change the engine of his taxi.
Saltanat would like to take a loan for her husband who has a cart from which he sells chips with burgers. He is a hardworking man and works seven days a week. With the loan he wants to buy more essential materials for his business.
The last member of this group is Latifa who wants to take a loan for her husband who has a shop selling cosmetics. He would like to progress his business and buy more cosmetics.
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