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Mussarat's Group
In this Group: Mussarat, Mahmooda Bibi, Mahmoodan, Ruqaiya Bano, Majeedan, Shagufta, Nabila
Mussarat has applied for a loan from Kiva partner Asasah for the further expansion of her husband’s carpet weaving business. The carpet weaving business has always been very popular and it always gets good acknowledgment from the people. With the loan, he will buy carpet weaving tools and thread in bulk quantity that will allow him to make better-quality carpets and realize higher profits.

Mussarat is 48 years old and a mother of 5 children. She stays at home and takes care of her family by fulfilling their needs. Her husband is very experienced in his business and has been operating it for the past many years. Mussarat is hopeful that an investment will help him expand his business and improve the financial condition of her family.
Note: “In the photo, the lady holding a book (called Asasah Passbook) is Mussarat”.

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
  • 179
    View loans »
    Pakistan Loans Fundraising
  • $13,079,825
    Funds lent in using Kiva
  • 87.1
    Pakistan Rupees (PKR) = $1 USD

Success!! The loan was 100% repaid

A portion of Mussarat's Group's $1,300 loan helped a member to buy weaving tools and thread for carpet weaving business.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 21, 2011
Listed
Dec 1, 2011
Currency Exchange Loss:
Possible
Ended:
Nov 15, 2012