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Mumtaz's Group
In this Group: Mumtaz, Sumaira, Shahnaz, Rani, Kosar Perveeen, Muqaddas, Shakila, Zarina, Shabina
Mumtaz has applied for a loan from KIVA partner Asasah for her family business of livestock. She operates this business with her husband and has a lot of experience in it. With the loan investment, her husband will buy goats, sheep in larger number that will allow him selling to butchers on profit.
Mumtaz also knows the art of sewing and uses her skills in her spare time to earn profits.
She is the mother of 3 sons and a daughter. her eldest son works in a factory while others remain at home.
She is very hardworking person and also performs her household duties very well along with her business.
She is very confident that a loan investment will allow her husband to improve his business and earn better income.
Note:"In the photo, the lady raising her hand is Mumtaz."

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
  • 142
    View loans »
    Pakistan Loans Fundraising
  • $13,462,325
    Funds lent in using Kiva
  • 90.6
    Pakistan Rupees (PKR) = $1 USD

Success!! The loan was 100% repaid

A portion of Mumtaz's Group's $1,450 loan helped a member to buy goats, sheep for animal selling business.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 7, 2012
Listed
Mar 2, 2012
Currency Exchange Loss:
Possible
Ended:
Feb 15, 2013