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Shaheen Asif Qamar Arshad Group
In this Group: Shaheen , Riaz , Razia , Musarat , Fozia , Mumtaz , Veenus
Shaheen baji is married to A. Q. A. and they have been living together in Kot Radha Kishan city since the past 10 years. She is the group leader of six other women and all of them belong to a poor family, but they respect each other a lot. They spend independent lives doing their own businesses. They work mainly to pay house utilities. Shaheen baji is applying for a loan to buy medicines for her pharmacy.

Razia baji wants a loan to buy groceries for her grocery shop. Musarat baji wants a loan to buy wood for her furniture-making business. Fozia baji wants a loan to buy an auto-rickshaw (a local three-wheeled motor vehicle). Mumtaz baji wants a loan to buy electric supplies (wires, switch boards and switches) for her electric shop. Veenus baji wants a loan to buy wood to sell.

This is a group loan and 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.

Note: The grocery shop belongs to Razia baji.

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
  • 290
    View loans »
    Pakistan Loans Fundraising
  • $13,765,650
    Funds lent in using Kiva
  • 80.6
    Pakistan Rupees (PKR) = $1 USD

Success!! The loan was 100% repaid

A portion of Shaheen Asif Qamar Arshad Group's $1,800 loan helped a member to buy medicines to resell.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 30, 2009
Listed
May 21, 2009
Currency Exchange Loss:
Covered
Ended:
May 31, 2010