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Naghma Muhammad Siddique Group
In this Group: Naghma , Asmat , Bushra , Parveen
Naghma baji has been a citizen of Lahore, Pakistan for the last 18 years. Lahore city is famous for its historical places and for Punjabi foods. She is an uneducated lady but her mother gave her the skill to sew clothes. She started a sewing clothes business to share the financial burden with her husband. Her husband's name is M. S.. He is an auto-rickshaw (a local three-wheeled motor vehicle) driver. Naghma baji is requesting a loan to buy an auto-rickshaw (a local three-wheeled motor vehicle) because her husband is currently driving a rented one and pays half of his income to the owner.

This group loan consists of three additional people:

Asmat baji wants a loan to buy groceries for her grocery shop.
Bushra baji wants a loan to buy vehicle spare parts to sell.
Parveen baji wants a loan to buy wood and nails for her furniture making business.

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: “Naghma baji is seated on the first left side in this 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
  • 193
    View loans »
    Pakistan Loans Fundraising
  • $13,982,575
    Funds lent in using Kiva
  • 82.5
    Pakistan Rupees (PKR) = $1 USD

Success!! The loan was 100% repaid

A portion of Naghma Muhammad Siddique Group's $975 loan helped a member to buy an auto-rickshaw (a local three-wheeled motor vehicle).
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 13, 2009
Listed
Jul 16, 2009
Currency Exchange Loss:
Covered
Ended:
Jul 15, 2010