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Mamoona's Group
In this Group: Mamoona, Shamim, Abdul, Shaheen
I am the group leader, Manoona K.. I am married and a mother of four: three boys and one girl. All of my children are below 16 and attend school, except the youngest who is not yet of school age. My husband is a farmer and now he wants to start a sugarcane-juice corner. He therefore will buy a machine that is used to extract the juice. My loan group members and their businesses are: Shamim B., who will use her share of the loan to buy a dairy cow; Abdul Q., who needs this loan to buy a juicer for her husband's juice corner; and Shaheen K., who wants to buy an embroidery machine.

This is a group loan. The loan funds will be distributed among the group members, each of whom will invest in her own business. The members mutually guarantee one another's loans. If one member does not repay, the other members are responsible.

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
  • 217
    View loans »
    Pakistan Loans Fundraising
  • $13,121,575
    Funds lent in using Kiva
  • 61.9
    Pakistan Rupees (PKR) = $1 USD

Success!! The loan was 100% repaid

A portion of Mamoona's Group's $750 loan helped a member buy machine to extract juice from sugarcane.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Mar 12, 2008
Listed
Feb 26, 2008
Currency Exchange Loss:
Covered
Ended:
Apr 15, 2009