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Mairaj Ishaq Group
In this Group: Mairaj , Sharifan , Jamila , Zubaida , Maqsoodan
Mairaj baji is a citizen of a city named Vehari, Pakistan. She owns a two room brick house in this city and has been living in it with her family for 10 years. Mairaj baji is a very caring lady. She cares for her family a lot and gives them true love. Her husband belongs to an animal selling business. He buys buffalos and sells to the customers. She is applying for a loan to buy a buffalo to increase the profit of her husband’s business.

She is the group leader of four other women from her locality. Sharifan baji wants a loan to buy wood to sell. Jamila baji wants a loan to buy groceries for her grocery shop. Zubaida baji wants a loan to buy items (scissors, chairs and tables) for her salon. Maqsoodan baji wants a loan to buy mason tools.

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
  • 221
    View loans »
    Pakistan Loans Fundraising
  • $13,698,675
    Funds lent in using Kiva
  • 80.9
    Pakistan Rupees (PKR) = $1 USD

Success!! The loan was 100% repaid

A portion of Mairaj Ishaq Group's $975 loan helped a member to buy a buffalo for selling.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 29, 2009
Listed
May 21, 2009
Currency Exchange Loss:
Covered
Ended:
Jun 1, 2010