The second member, Fatima, would like to receive the loan for her business of making quilts. With the loan she would buy better quality materials to help advance the business.
Setara, another member of this group, wants to use the loan for her business of making curtains. She needs to buy an electric sewing machine to sew the curtains more easily.
The last member, Mena, wants to receive the loan for her husband who has a shop in which he sells construction materials. He would like to expand his business and bring about some changes in it.
They all have requested a group loan of 40,000 AFN and would like to thank all lenders of Kiva for their great 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