Mohammad Hasham Group
Salaha and Zynab want to take a loan for their tailoring businesses. They want to buy a new sewing machine for their businesses. Mirechand wants to take out a loan for her husband’s oil-selling business. He wants to buy necessary materials for his shop. Also Sakellah wants to take a loan for her son’s business selling vegetables. He wants to complete his stock.
They want to thank those who make this process of loans in Afghanistan possible, especially Kiva and AFSG who help poor people.
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