Fawzia Saliha Group
Hakimullah is the group leader. He wants a loan for his brother who has a retail shop. With this loan, he wants to buy materials that he needs for his shop.
Fawzia wants a loan for her husband who sells fresh fruit from a cart. He wants to buy more fresh fruit for his cart and expand his business.
Saliha has tailoring business in her house. She has arranged a small room where she sews different kinds of clothes and has a good number of clients.
With the loan, she wants to buy an electric sewing machine because she has lots of problems using the old one.
The last member, Farhad, wants a loan for his sister who is tailor. With this loan, she wants to buy more cloth for her business.
They have requested a group loan of 40000 Afghani. They would like to note the effectiveness of Kiva process and its effect on the progress of their businesses.
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