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Shamim Muhammad Iqbal Group
In this Group: Shamim , Irshad Bano, Sumera , Bushra , Safia
Irshad bano baji wants a loan to buy costume jewelry to sell.
Sumera baji wants a loan to buy readymade garments to sell.
Bushra baji wants a loan to buy decorative pieces to sell.
Safia baji wants a loan to buy plastic beans for her candle making business.

Shamim baji is married to M. I.. They have lived in a city named Borewala, Pakistan for the past 10 years. Borewala city is famous for its shrines. Her husband is an auto-rickshaw (a local three-wheeled motor vehicle) driver and has been in this profession for the past 5 years. "I am applying for a loan to change the body of my husband’s rickshaw, " she says.

This is a group loan. The loan funds will be distributed among the group members. Each member 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: "Bushra baji is showing her decorative item in this picture".

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
  • 123
    View loans »
    Pakistan Loans Fundraising
  • $13,311,925
    Funds lent in using Kiva
  • 80.2
    Pakistan Rupees (PKR) = $1 USD

Success!! The loan was 100% repaid

A portion of Shamim Muhammad Iqbal Group's $925 loan helped a member to change the body of auto-rickshaw (a local three-wheeled motor vehicle).
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Jun 17, 2009
Listed
Jun 12, 2009
Currency Exchange Loss:
Covered
Ended:
Jun 15, 2010