Sayeed Qoobad Shah Group
Maryam wants to take a loan for her husband, Fawad Khan. He is a hard-working man and he always tries his best to support his family members better. He has a cart from which he sells dry fruits. He has been involved in this business for more than three years, and has gained a lot of experience in this business. He would like to progress in business and purchase more almonds and raisins for his cart; therefore, Maryam has requested to take a loan for her husband, Fawad Khan.
Maryam is glad that there are useful providers like Kiva in Afghanistan for support of the poor.
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