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Hajra M. Rasheed Group
In this Group: Hajra , Sakina , Lubna , Farzana , Asia
Hajra baji is a 55-year-old citizen of Lahore, Pakistan, where she has lived for the past 26 years. Her husband's name is M. R. and he works in a factory for a monthly wage. He has five years of experience in this business. She is the mother of three sons. Her elder son is 29 and runs a scrap business. The next to him is an auto-rickshaw (a local three-wheeled motor vehicle) driver and her younger son runs a tea stall. Hajra baji runs a grocery shop in the community. She has two years of experience in this business. She saves her income to marry off her elder son. She is applying for a loan to buy groceries to expand her grocery shop.


She is the group leader of four other women from her locality. Sakina baji wants a loan to buy a donkey cart for hauling. Lubna baji and Farzana baji each want a loan to buy seasonal vegetables to sell. Asia baji wants a loan to buy groceries for her grocery shop.


This is a group loan. The loan funds will be distributed among the group members, each of whom 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

  • $3,004
    Average annual income
  • 180
    View loans »
    Pakistan Loans Fundraising
  • $13,425,575
    Funds lent in using Kiva
  • 80.6
    Pakistan Rupees (PKR) = $1 USD

Success!! The loan was 100% repaid

A portion of Hajra M. Rasheed Group's $850 loan helped a member to buy groceries for her grocery shop.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 28, 2009
Listed
May 7, 2009
Currency Exchange Loss:
Covered
Ended:
Jun 7, 2010