Asmatalah is the leader of this four-person group. All four would like to receive money for their businesses. They have requested a loan of 40000 Afghani for the term of eight months.
Kharma Sharyn and Farzana each want a loan for their vegetable businesses.
Yasamen wants a loan to buy a new sewing machine for her tailoring business.
Asmatalah wants a loan for his general store so he can to expand his business.
With this loan, these entrepreneurs can improve their businesses. They are very happy for the opportunity to have these loans in Afghanistan. These loans help the poor people and they want to say "Thanks" to all the Kiva lenders.
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.