Khatera Shabana Group
Pari Gull is 45 years old and has four children, all going to school. She wants to takes a loan for her husband’s business of selling towels. He buys towels from the bazaar at low prices and sells them in the market near his house.
Khatera wants to take a loan for her husband’s business of selling cosmetics. He would like to expand his business and wants to buy the necessary materials.
Shabana wants to take a loan for her husband’s business of selling shoes. He needs this loan for his business because he wants to progress his shop and change it to a large store and desires more clients in his store.
They thank all lenders of Kiva and AFSG 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