Rahima Akbar Group
The second member of Rahima Akbar group is Kamila who wants a loan for her son, who sells dried fruit from a car. With this loan, he wants to complete his inventory.
The third member, Taiba, wants a loan for her husband. He sells fresh fruit from a cart. With this loan, he wants to buy more fresh fruit for his cart.
The last member of Rahima Akbar group is Rahima, who is a carpet weaver. With this loan, she wants to buy more equipment for her business.
They requested a group loan of 40000 Afghani and to further their work and be good clients of Kiva and AFS. Robaba ensures that they can repay the loan on time and says that she can control the whole group. She would like to thank everybody who helps with this loan process in Afghanistan.
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