Zahra Saman Group
Ahmad Gull has a shop where he sells flour and cooking oil. All his family members benefit from the income he generates. He has been involved in this business for more than four years. He wakes up early in the morning ready to work hard and sell more in order to have a high monthly income. He would like to expand his business and make his shop larger. He has requested a loan to buy more flour and oil for his shop. Ahmad Gull is grateful to the lenders who give the opportunity for entrepreneurs to support themselves and their families through this process.
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