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Shagufta's Group
In this Group: Shagufta , Shaiza, Deeba, Zeba
Shagufta is a housewife and lives with her family in a city called Lahore in Pakistan. She has applied for a loan for her husband who operates a cloth selling shop in the market. He goes to Faisalabad and Multan to buy different varieties of embroidered cloth to sell in his shop.

With the loan amount, he will buy cloth in bulk that will minimize his cost of traveling and also cut his over-all cost due to bulk purchasing.

Shagufta is very hopeful that this investment will bring a positive financial change to her husband’s business and her family will be able to enjoy better living conditions.

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
  • 245
    View loans »
    Pakistan Loans Fundraising
  • $13,737,225
    Funds lent in using Kiva
  • 85.4
    Pakistan Rupees (PKR) = $1 USD

Success!! The loan was 100% repaid

A portion of Shagufta's Group's $650 loan helped a member purchase cloth for resale.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 26, 2010
Listed
Jul 26, 2010
Currency Exchange Loss:
Possible
Ended:
Jul 15, 2011