Jama Khan Group
Maleha wants to take a loan for her son’s business of tailoring, to buy a new machine for his business. Sabara wants to take a loan for her son’s business of electricity, so he can buy the necessary materials for his business. Jama khan wants to take a loan for his business, a general store, so he can make his shop larger. Sajeda and Bibi Shafeqa want to take a loan for their fruit cart business, to expand and progress the business.
With this loan they can make their businesses larger, support their families and make a better future for themselves and 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