Khafifa Mukhtar Group
Hamida runs a tailoring business and she has been working in this business for more then two years. Now she wants to take a loan to expand her business and support the whole family economically.
When she was informed about the AFS lending program, Hamida came to AFS and requested a loan. She would like to thank both AFS and Kiva lenders that support people around the world through their effective process.
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