Taman Hamidullah Group
The second member is Tamana. She wants to take a loan for her husband who sells apples from a cart. With the loan, he wants to purchase more kinds of apples.
The third member is Fahima. She would like to take a loan for her husband’s retail shop. He wants to complete his stocks.
The last member is Zeba Gul who wants to receive a loan for her son’s tailoring business. He would like to purchase a new sewing machine and to expand his business.
They all have requested a group loan of 28,000 Afghani.
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