Ahmad Zaky Group
Shalla and Shakerya want to take out a loan for their husbands' tailoring businesses; they want to make the businesses larger and they need a small loan for this. Also, Ahmad Zaky and Ahmad Jawad want to take out a loan for their businesses of fruit cart and general store. They want to complete necessary materials for their shop. Anesa wants to take a loan for her son’s business; he sells books, pens, and so on. Also, Deeba wants to take a loan for her husband’s cosmetics business. He needs to buy necessary materials for his shop, and make his business larger.
They want to say that these loans are intended to help their businesses progress and for expanding their businesses so they are useful. They all want to thank Kiva lenders for the Kiva process in Afghanistan which supports poor people.
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