Negena - One Group
Negena is 35 and the mother of three children who are at school. She and her husband have a shared business. They buy fresh vegetables and fruits which Negena brings home. She cleans them all and packages them. Then, her husband sells them from his cart at a high price.
Negena needs the loan to hire a stall and purchase more vegetables to expand their shared business.
Lema wants to take a loan for her husband’s business selling fruit from a cart. With this loan he wants to rent a new shop for his business.
Torpeki wants to take a loan for her son’s business selling cosmetics. He wants to make his shop larger.
Geta wants to take a loan for her husband’s general store. He has to work hard to earn money for the payment of household expenses.
Together they have requested a group loan of 56,000 Afghani. They are very happy with this small loan system in Afghanistan which is able to support poor people in their country.
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