Sayadnor is the leader of this group. There are five members in the group and each of them would like to receive a loan for his/her own business.
Sayadnor Ahmady and Mastora want to take loans for their shops to expand them and to buy necessary materials. Leyda wants to take a loan for her business of beading and wants to buy necessary materials for her business. SayadA. Waley and Wayda want to take loans for their carpet weaving businesses, wishing to expand and progress their businesses.
With these loans they can support their families and make a better future.
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.