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Kosar Parveen Muhammad Tariq Group
In this Group: Kosar Parveen , Rasheeda , Sugran , Ailas
Kosar Parveen baji is the leader of a group of three women, all residents of Kasur, Pakistan, a city famous for its shrines. Her husband runs a leather-selling business, a very profitable enterprise because most people in Kasur wear “Khussa,” a kind of leather footwear. Kosar baji and her members also run their own businesses selling kites which are very popular with children, thereby enabling them to pay for utilities. Kosar baji is now applying for a loan to buy leather to increase the profit of her husband’s leather-selling business, while Rasheeda baji and Sugran baji and Ailas baji each want a loan to buy leather 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 guarantee one another's loans, so if one member does not repay, the others 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
  • 165
    View loans »
    Pakistan Loans Fundraising
  • $13,425,575
    Funds lent in using Kiva
  • 80.2
    Pakistan Rupees (PKR) = $1 USD

Success!! The loan was 100% repaid

A portion of Kosar Parveen Muhammad Tariq Group's $825 loan helped a member to buy leather to resell.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 18, 2009
Listed
Jul 1, 2009
Currency Exchange Loss:
Covered
Ended:
Jun 8, 2010