Bibi Gull Group
Makey wants a loan for her husband's general store, so that he can acquire more merchandise. Nafesa's loan request is for her tailoring business, so that she can buy a new sewing machine and a desk. Bibi G. wants to take a loan for her husband’s fresh-fruit-selling business, so that he can get a new shop and improve his business.
The group has requested a loan of 40,000 Afghanis. 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