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Shamim Akhtar Muhammad Akram Group
In this Group: Shamim Akhtar , Nasreen, Naseem Akhtar
Shamim Akhtar Baji is a widow residing in the historical site of Yadgar in Lahore, Pakistan. Her husband died 3 years ago from an accident. Shamim Baji never loses her courage and fights with her circumstances. She started a clothes selling business. She chose this business because she knows that in Lahore people are fond of clothes. Through this business, she is able to pay her utilities easily. Nowadays, she is out of stock but she has a good number of orders. So she is applying for a loan to buy more clothes to complete the orders of her customers.
Nasreen Baji wants a loan to buy scrap for her scrap business.
Naseem Akhtar Baji wants a loan to buy cigarette packets to sell. The picture belongs to Naseem Akhtar Baji who is showing her cigarette packets.
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
  • 139
    View loans »
    Pakistan Loans Fundraising
  • $13,320,225
    Funds lent in using Kiva
  • 80.6
    Pakistan Rupees (PKR) = $1 USD

Success!! The loan was 100% repaid

A portion of Shamim Akhtar Muhammad Akram Group's $600 loan helped a member to buy clothes to sell.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 16, 2009
Listed
Jun 1, 2009
Currency Exchange Loss:
Covered
Ended:
Jun 1, 2010