Mohammad Taher Group
Pastah wants to take a loan for her business of purchasing beading materials. Parwen wants to take a loan for her husband’s fruit cart business. Farozan wants to take a loan for her husband’s general store. Fahema wants to take a loan for her bakery business. And M. Taher wants to take a loan for his business of selling of books, pens, and other things in his shop.
They all want to expand and improve their businesses and they are really happy that these loans will help them expand their businesses. They say that these loans can be very useful because they provide a chance for poor people in their country.
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