Redi Gul Group
Redi G., who is the group leader, is married with four children: two sons and two daughters. He runs a general store. Currently his business income is not satisfactory to meet his family needs and also he has lots of economic problems. He wants to take a loan to meet his family needs and solve his economic problems.
The second member is Javeed who sells vegetables. Currently, his business income is not enough to match his family needs. He wants to take a loan to purchase different kinds of vegetables to progress his business income, expand his business capacity and complete his family needs.
The last member is Abdul Ghafor who is a taxi driver. He wants to take a loan to buy new seat material and repair his taxi’s engine.
Therefore, together they have requested a group loan of 25,000 Afghani. They are thankful for Kiva and all the Kiva lenders who support them. Your timely assistance allows them to develop their businesses.
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