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Ruqaiya M. Akbar Group
In this Group: Ruqaiya , Bushra , Irshad Begum , Nasreen , Hajran
Ruqaiya baji is an uneducated woman from Lahore, Pakistan, a city famous for its historical places and Punjabi foods. She has been a part of this city for the past 25 years. Her husband is named M. A. and he runs a dairy business. He has been in this business for 10 years. Ruqaiya baji helps him milk the two buffalo. Their eldest son also works with them, while the other two sons are enrolled in the local school and are getting an education. Ruqaiya baji is applying for a loan so they can buy another buffalo to expand their dairy business.

Ruqaiya baji is the leader for this group loan which includes four other women from her locality. The loan will be distributed among the group members, each of whom will invest in her own business. Bushra baji wants a loan to repair her Shahzore rickshaw (a local three-wheeled motor vehicle), Irshad begum will buy garments to sell, and Nasreen baji plans to buy a molding machine. Hajran baji wants a loan to buy groceries for her grocery shop. The members of a group loan 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
  • 213
    View loans »
    Pakistan Loans Fundraising
  • $13,144,600
    Funds lent in using Kiva
  • 80.6
    Pakistan Rupees (PKR) = $1 USD

Success!! The loan was 100% repaid

A portion of Ruqaiya M. Akbar Group's $850 loan helped a member to buy another buffalo to expand their dairy business.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 28, 2009
Listed
May 8, 2009
Currency Exchange Loss:
Covered
Ended:
Jun 8, 2010