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Parveen Muhammad Munir Group
In this Group: Parveen , Elizabeth , Irshad
Parveen baji is the wife of M. M.. She has resided in Borewala, Pakistan, for the past 15 years. Borewala city is famous for its shrines. Her husband runs a timber-selling business. He chose this business because there’s no gas available and people use timber for cooking. He has been involved in this business for more than five years. Parveen baji is applying for a loan to buy timber to grow her husband’s business.

This loan consists of two additional people: Elizabeth baji wants a loan to buy an auto-rickshaw (a local three-wheeled motor vehicle) and Irshad baji wants a loan to buy goats for her butcher shop.

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: Parveen baji is seated in the middle of the bajis. Baji means "older sister" and is a term of respect for women in Pakistan.

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
  • 158
    View loans »
    Pakistan Loans Fundraising
  • $13,432,675
    Funds lent in using Kiva
  • 82.1
    Pakistan Rupees (PKR) = $1 USD

Success!! The loan was 100% repaid

A portion of Parveen Muhammad Munir Group's $750 loan helped a member to buy timber to sell.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 15, 2009
Listed
Jul 20, 2009
Currency Exchange Loss:
Covered
Ended:
Jul 15, 2010