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Mumtaz Saeed Group
In this Group: Mumtaz , Tahira Parveen, Zubaida , Amina
Mumtaz baji is a widow who has lived in a city named Arifwala in Pakistan for the past 15 years. Her husband died of a heart attack. Mumtaz baji is a very strong lady. She never loses courage and fights very bravely despite the circumstances. She is the mother of two sons. She never took her younger son from school. She pays the school fees from her clothes-sewing business. Her elder son runs a fruit-selling business. Mumtaz baji is applying for a loan to buy seasonal fruits to expand her son’s fruit-selling business.

She is the group leader of three other women from her locality. Tahira parveen baji wants a loan to buy tools for her motor-repair workshop. Zubaida baji wants a loan to buy scrap for her scrap business. Amina baji wants a loan to buy a donkey cart for loading.

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.

Note: Mumtaz baji is seated on the right side in the photo.

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
  • 177
    View loans »
    Pakistan Loans Fundraising
  • $13,425,575
    Funds lent in using Kiva
  • 80.7
    Pakistan Rupees (PKR) = $1 USD

Success!! The loan was 100% repaid

A portion of Mumtaz Saeed Group's $950 loan helped a member to buy seasonal fruits to sell.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Jul 6, 2009
Listed
Jul 2, 2009
Currency Exchange Loss:
Covered
Ended:
Jul 15, 2010