She is the leader of the Jamhorait group. To earn a living, she operates a carpet-weaving business. She has a great deal of business experience; for instance, she has been engaged in her carpet-weaving business for more than 4 years. She is now seeking a loan in the amount of $875 (40,000 AFN) to build and organize a room to operate the carpet-weaving business and to purchase a new carpet frame. In turn, she expects to generate an increase in her monthly income to better support her family. She explains that she is happy to be able to improve her business in this way.
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