Aajer Safy Group
Malally and Hajera want to take out a loan for their business of beading, and Howsey wants to take a loan for her tailoring business. Galally wants to take out a loan for her husband’s business. They all want to buy necessary materials for their businesses.
They want to say that this loan is very useful because it can provide a good chance for poor entrepreneurs to expand their businesses and become stronger in their business and life. This group wants to thank all the lenders for this process of loans in Afghanistan.
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