Toorpykai Anis Group
Allah M. has a retail shop and works hard to earn money to provide for his family’s requirements. He needs to buy more food and materials for his shop.
He is very happy with this process of small loans in Afghanistan and wants to thank those providing this process, especially the Kiva lenders around the world.
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