Baryaly Norya Group
Norya is a tailor and works hard to earn money for the completion of her family’s requirements. She needs to buy a new sewing machine for her shop because she has lots of problems with the old one she has. Besides, she wants to hire a student to support this business and to enlarge the business. Shokorya wants to take a loan for her husband’s business of car-part selling shop. He wants to expand and develop his business. BaryA. wants to take a loan for his business of painting. He paints houses according to the desire of the owner. He needs the money because he wants to improve for his business. And the other member, Najebullah, wants to take a loan for his business of video shop. He would like to expand his business.
They are all thankful to the Kiva lenders from their support.
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