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Maqboolan Maqsood Ahmad Group
In this Group: Maqboolan , Abida , Bilquis , Sana , Sabra
Maqboolan baji and her husband M. A. own a two room brick house in Kasur, Pakistan, where they have been living with their family for the past 14 years. For the past 5 years, her husband has run a business selling ladies clothes. Maqboolan baji also operates a business, sewing clothes, to share the financial burden of her husband. She is applying for a loan to buy garments for her husband’s business.

She is the group leader of four other women from her locality. Abida baji, Bilquis baji, Sana baji and Sabra baji each want a loan to buy clothes to sell.

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
  • 147
    View loans »
    Pakistan Loans Fundraising
  • $13,462,325
    Funds lent in using Kiva
  • 80.9
    Pakistan Rupees (PKR) = $1 USD

Success!! The loan was 100% repaid

A portion of Maqboolan Maqsood Ahmad Group's $950 loan helped a member to buy ladies garments to sell.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 18, 2009
Listed
May 21, 2009
Currency Exchange Loss:
Covered
Ended:
Jun 2, 2010