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Samina's Group
In this Group: Samina, Sakina, Nasreen, Sughran
My name is Samina K.. I reside in Kot Radha Kishan with my husband and eight children: two boys and six girls. Both boys and four of the girls attend school, whereas the younger two are small. My husband sells fruit on his fruit cart in a nearby busy market. There are three other women in my loan group: Sakina B. sells cloth, Nasreen B. sells various electronics on installments, Sughran B. runs a cosmetics store.

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
  • 149
    View loans »
    Pakistan Loans Fundraising
  • $13,462,325
    Funds lent in using Kiva
  • 62.0
    Pakistan Rupees (PKR) = $1 USD

Success!! The loan was 100% repaid

A portion of Samina's Group's $1,100 loan helped a member expand a fruit-selling business.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Mar 15, 2008
Listed
Feb 29, 2008
Currency Exchange Loss:
Covered
Ended:
Apr 15, 2009