Sevda wants a loan for her embroidery business. Sakaba wants to take assist her husband with his car parts shop. Mallei wants to help her son with his vegetables and fruits shop. Zenat wants a loan for the tailoring business. Shmen wants to assist her son with his ice cream shop. Qais also wants to improve his ice cream business. Finally, Amal wants to expand his taxi business. They are thankful to kiva lenders for their worldwide support.
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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