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Mumtaaz's Group
In this Group: Mumtaaz , Haleema, Naziran, Naseem Mai, Hanifan Mai
Mumtaaz is a housewife whose husband operates a Punjabi food stall called Dahi Bhaley. Both residents of Multan Pakistan for the past 20 years, her husband wants to buy more ingredients for his food stall for which Mumtaaz bibi is now requesting a loan from Asasah. By enabling her husband to sell larger quantities of food and add more products such as samosas, a very popular item, Mumtaaz is hopeful that the loan will assist her family in improving their lives.

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
  • 152
    View loans »
    Pakistan Loans Fundraising
  • $13,470,225
    Funds lent in using Kiva
  • 85.5
    Pakistan Rupees (PKR) = $1 USD

Success!! The loan was 100% repaid

A portion of Mumtaaz's Group's $975 loan helped a member purchase ingredients for Punjabi food stall.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 14, 2010
Listed
Jun 16, 2010
Currency Exchange Loss:
Possible
Ended:
Jun 15, 2011