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Parveen Muhammad Younas Group
In this Group: Parveen , Khalida , Razia , Majeedan , Kiran
Parveen baji has been a citizen of a city named Borewala, Pakistan, for the past 15 years. Borewala is famous for its shrines. Her husband is a delivery man by profession and delivers different items (fruits and vegetables) on his donkey cart. Parveen baji operates a sewing clothes business to pay off the utilities. She is applying a loan to buy a new donkey cart because the old cart has become rough and rotted, affecting her husband's work. She is joined by three other group members.

Khalida baji wants a loan to buy repairing tools for her motor workshop. Razia baji and Majeedan baji each want a loan to buy timber to sell. Kiran baji wants a loan to buy an auto-rickshaw (a local three-wheeled motor vehicle).

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.

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
  • 179
    View loans »
    Pakistan Loans Fundraising
  • $13,425,575
    Funds lent in using Kiva
  • 81.1
    Pakistan Rupees (PKR) = $1 USD

Success!! The loan was 100% repaid

A portion of Parveen Muhammad Younas Group's $875 loan helped a member to buy a new donkey cart.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 26, 2009
Listed
Jun 1, 2009
Currency Exchange Loss:
Covered
Ended:
Jun 18, 2010