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Sakin Muhammad Sarwar Group
In this Group: Sakin , Rasoolan, Razia, Nadia, Hamidan, Razia
Sakina Baji operates a tailoring business. She sews clothes to pay off the utilities. Her husband, M. S., runs a grocery shop in the community. They have lived in the historical site of Yadgar in Lahore, Pakistan for the past 10 years. Sakina Baji is applying for a loan to buy groceries for her husband's grocery shop.
Rasoolan Baji wants a loan to buy a buffalo for her dairy business.
Razia Baji wants a loan to buy an auto-rickshaw (a local three-wheeled motor vehicle).
Nadia Baji wants a loan to buy clothes to sell.
Hamidan Baji and Razia Baji each want a loan to buy seasonal fruits 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

  • $4,700
    Average annual income
  • 201
    View loans »
    Pakistan Loans Fundraising
  • $14,448,675
    Funds lent in using Kiva
  • 80.6
    Pakistan Rupees (PKR) = $1 USD

Success!! The loan was 100% repaid

A portion of Sakin Muhammad Sarwar Group's $1,050 loan helped a member to buy groceries for a grocery store.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 15, 2009
Listed
May 23, 2009
Currency Exchange Loss:
Covered
Ended:
May 31, 2010