Waheeda Habib Group
Habibullah has a small shop from which he sells fresh fruit and vegetables in the city of Kabul. He needs a small loan for his business to make it strong and help his family.
Habibullah requested a loan to enlarge his business. He wants to expand and progress his business. Besides, he wants to buy necessary materials and complete his shop’s stock and continue working hard.
Habibullah is very happy with this process of small loans in Afghanistan and wants to thank everyone invoved, 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