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Khalida Parveen M. Ameen Shahzad Group
In this Group: Khalida Parveen, Shaheen , Jamila Kosar , Azra
Khalida parveen baji is 51 year old married lady and a citizen of Lahore, Pakistan for the past 27 years. Her husband’s name is M. A. S. and he has a scrap business. He 5 years experience in this business.
Khalida baji has two sons and her sons work with their father. Khalida baji is an older lady, so she spends most of her time in the house and does household work and takes care of her family. She successfully repaid her three loans from Asasah (a microfinance institute of Pakistan). Now she is applying again for the fourth time to buy scrap for her husband’s scrap business.

She is the group leader of three other women from her locality. Shaheen baji wants a loan to buy vehicles oil to sell. Jamila kosar baji wants a loan to buy a donkey cart for loading. Azra baji wants a loan to buy spare parts to sell.

This is a group loan. The loan funds will be distributed among the group members. Each of the women will invest in her own business. The members mutually guarantee one another's loans. If one member does not repay, the other members are responsible.

Additional Information

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.

About Pakistan

  • $4,700
    Average annual income
  • 270
    View loans »
    Pakistan Loans Fundraising
  • $14,718,825
    Funds lent in using Kiva
  • 80.5
    Pakistan Rupees (PKR) = $1 USD

Success!! The loan was 100% repaid

A portion of Khalida Parveen M. Ameen Shahzad Group's $1,000 loan helped a member to buy scrap for scrap business.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
May 7, 2009
Listed
Apr 30, 2009
Currency Exchange Loss:
Covered
Ended:
May 21, 2010