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Majeedan's Group
In this Group: Majeedan , Maryam Ghulam Fatima, Rahmat, Chandni, Parveen
Majeedan is the resident of Kasur, which is a small city located in Punjab famous for its leather industry in Pakistan. She lives in the area of Jamaat Pura with her family in a 2 room brick house. In orders to support her family financially, Majeedan does embroidery work. She is very good at her work and receives regular orders from her neighbors. Her earning allows her to pay for the utilities expenses of her family.

Her husband, M. A., has a cycle repair shop in the market. He also provides cycle spare parts to his customers on reasonable rates.
Majeedan is the mother of a son and a daughter but only her son is able to attend school and is studying in 5th grade.

She has applied for a loan from Kiva partner, Asasah for her husband’s business. With the loan, he will buy spare parts and some of the latest repair tools for his cycle repairing shop. He has been doing this business for the past 15 years and Majeedan is confident that her husband will successfully be able to grow his business with the help of this loan investment.

Majeedan is a new loan user and hopes that it will be a profitable experience for her.

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
  • 242
    View loans »
    Pakistan Loans Fundraising
  • $14,178,125
    Funds lent in using Kiva
  • 85.9
    Pakistan Rupees (PKR) = $1 USD

Success!! The loan was 100% repaid

A portion of Majeedan's Group's $950 loan helped a member to buy spare parts & the latest repairing tools for a cycle repair shop.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 11, 2010
Listed
Oct 23, 2010
Currency Exchange Loss:
Possible
Ended:
Oct 15, 2011