Check out some available loans that are similar to this one!
Mumtaz's Group
In this Group: Mumtaz , Fozia Parveen, Nargis, Mona, Nusrat Bibi
Mumtaz is 35 years old and married to R. M., who is a tailor master by profession. He runs a tailoring shop in the market, where he sews particularly men’s clothes. Due to his good stitching, he receives a good number of orders every month.

She herself is a housewife; she prefers to stay at home and take care of her children. She is a very responsible person and fulfills her responsibilities very well.

She is a resident of Faisalabad, which is a big city in Pakistan famous for its textile industry. She has lived there in the area of Yaseenabad with her family in a two-room brick house for past 15 years.

She has applied for a loan from Kiva partner Asasah for her husband, who wants to buy a new stitching machine because his old machine has become rough and doesn’t produce quality work; it also takes too much time to sew a single dress.

He has been doing this business for the past seven years and Mumtaz is hopeful that a new machine will help him finish his orders in less time and will earn him a better income.

She is a regular loan user of Asasah and this is her fourth loan application. In previous loan years, she has proved herself as a responsible client who never missed a single meeting and paid installments on time.

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
  • 232
    View loans »
    Pakistan Loans Fundraising
  • $13,698,675
    Funds lent in using Kiva
  • 85.4
    Pakistan Rupees (PKR) = $1 USD

Success!! The loan was 100% repaid

A portion of Mumtaz's Group's $1,000 loan helped a member to buy a new stitching machine for the tailoring business.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 18, 2011
Listed
Feb 21, 2011
Currency Exchange Loss:
Possible
Ended:
Feb 15, 2012