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Rasheeda M. Sharif Group
In this Group: Rasheeda , Naziran , Razia , Tahira , Ghulam Fatima
Rasheeda baji is a wife of M. S. and has lived in a city named Borewala, Pakistan for the last 8 years. Borewala city is famous for its shrines. Her husband operates a fruit selling business. He has 4 years of experience in this business. He buys fruits from the famous market named (Sunday bazaar) and sells to the fruit shops and earns a profit. Rasheeda baji helps him by packing the fruits in boxes. She successfully repaid her two loans from Asasah (a microfinance institute of Pakistan). Now she is applying again for a loan to buy more seasonal fruits to increase the profit of her husband.


She is the group leader of four other women from her locality. Naziran baji wants a loan to buy clothes for her cloth selling business. Razia bjai wants a loan to buy seasonal fruits for her fruit selling business. Tahira baji wants a loan to buy an auto-rickshaw (a local three-wheeled motor vehicle). Ghulam Fatima baji wants a loan to buy beams for her shuttering business.


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

  • $4,700
    Average annual income
  • 241
    View loans »
    Pakistan Loans Fundraising
  • $14,499,975
    Funds lent in using Kiva
  • 80.4
    Pakistan Rupees (PKR) = $1 USD

Success!! The loan was 100% repaid

A portion of Rasheeda M. Sharif Group's $1,100 loan helped a member to buy seasonal fruits to resell.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 30, 2009
Listed
May 11, 2009
Currency Exchange Loss:
Covered
Ended:
May 30, 2010