Rakha Pansheir Group
Pary Gull’s husband has a metal shop. He is a hardworking man and tries to have a comfortable life and educated children. Through the loan, her husband wants to expand his business and to buy some essential tools which can make his work easier.
These group members are very happy with this small loan process in Afghanistan that helps the poor people of this 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