Maryam wants to take a loan for the purpose of purchasing materials for her general store. Mahboba wants to take a loan for her business sewing clothes and she wants to buy a new machine for her business. Mawoj Gull wants to take a loan for her husband’s tailoring business, and Zakyara wants to take a loan for her son’s vegetable shop. He wants to buy necessary materials for his shop. Bibi Danna wants to take a loan for her son’s general store; he wants to expand his shop.
They all want to say that with the loan they would be able to do well and have their businesses progress as well.
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.
0View loans »
Success!! The loan was 100% repaid