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Munawar's Group
In this Group: Munawar, Ruqaiya, Naeema Bibi, Nazia Bibi, Fozia Bibi
Munawar is applying for a loan from Kiva partner Asasah for her husband, who is a scrap dealer. He will use the loan to buy more scrap items to sell, including used papers and plastic bottles. He works 8-10 hours a day, reselling these items to his customers. Munawar is a housewife who spends her days at home caring for her seven children and performing her household duties. Her family was too poor to provide her with an education. Her oldest son is 20 years old and helps his father in his business. Munawar is very hopeful that securing this loan will allow her to husband to improve his business and provide his family with a better life. In the photo, she is the person holding the book.

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
  • 139
    View loans »
    Pakistan Loans Fundraising
  • $13,320,225
    Funds lent in using Kiva
  • 86.6
    Pakistan Rupees (PKR) = $1 USD

Success!! The loan was 100% repaid

A portion of Munawar's Group's $1,400 loan helped a member to improve her husband's business.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 11, 2011
Listed
Nov 17, 2011
Currency Exchange Loss:
Possible
Ended:
Nov 15, 2012