My group members are very responsible and need loans for their businesses: Sakina B., Rubina B. and Ghulam Fatima, all of whom need loans to expand their milk business and therefore buy a cow; Rehana B. plans to use her loan to buy a donkey cart; Shakila B. requires a loan to get her husband a piece of land on rent for growing crops.
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