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Balqees' Group
In this Group: Balqees, Parween, Rasheeda
My name is Balqees A. and I live in Borewala, a small town in Pakistan. I am married and the mother of four boys. My oldest son is working while all the others are still in school. My husband supports our family by selling cooking utensils from a cart. We will use our portion of the loan to buy utensils in bulk.

There are two other women in my loan group, and I am guarantor of these women and ensure you they will repay this loan on time. Parween B. is borrowing money to help her son set up a restaurant. Rasheeda B. will invest her portion of the loan in her son’s motorcycle repair shop.

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
  • 247
    View loans »
    Pakistan Loans Fundraising
  • $13,737,225
    Funds lent in using Kiva
  • 62.4
    Pakistan Rupees (PKR) = $1 USD

Success!! The loan was 100% repaid

A portion of Balqees' Group's $650 loan helped a member to buy cooking utensils and other items in bulk.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Feb 10, 2008
Listed
Jan 27, 2008
Currency Exchange Loss:
Covered
Ended:
Mar 15, 2009