Zabayr Ralah and Khan A. are requesting a loan to buy necessary materials for their general store. Rayza Gull and Bibi Sara need a loan for their tailoring business to buy new equipment. Bibi Latefa requires a loan to improve her quilt business. They have requested a loan of 50000 Afghani.
The group members will put this loan to full use expanding and improving their businesses. They appreciate the Kiva partnership in Afghanistan which supports 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