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Mumtaz's Group
In this Group: Mumtaz , Naseem, Perveen, Nasreen, Halima
Mumtaz is requesting a loan from KIVA partner Asasah for her husband’s livestock business. With the loan investment, he will buy a dairy cow that will allow him to get a larger quantity of milk and increase his sales and income.

Mumtaz is a housewife and performs her household duties by staying at home. In her spare time she also takes care of the cattle and helps her husband run his business. She has given birth to five children. Three of them are studying while others stay at home.

She is very hopeful that her husband's business will grow with the loan investment and it will help her family to live a better financial life.

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

  • $4,700
    Average annual income
  • 248
    View loans »
    Pakistan Loans Fundraising
  • $14,488,825
    Funds lent in using Kiva
  • 90.4
    Pakistan Rupees (PKR) = $1 USD

Success!! The loan was 100% repaid

A portion of Mumtaz's Group's $1,175 loan helped a member to buy a dairy cow for their livestock business.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 13, 2012
Listed
Feb 1, 2012
Currency Exchange Loss:
Possible
Ended:
Jan 15, 2013