Bibi Najeba Group
Bibi Najeba and Sahelah want to take a loan for their tailoring business; they want to buy a new machine for their business. Palwasha wants to take a loan for her husband’s general store business. They are very happy with this loan in Afghanistan.
With this loan, they can increase their business, support their families and make a better future for themselves and for their families.
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