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Zubaida's Group
In this Group: Zubaida, Rafia, Shagufta, Rubina
Zubaida M. N., wife of M. N., has four sons. Her three sons received education up to fifth grade and her eldest son has completed ninth grade. Her husband is a barber and she would like to apply for a loan to buy her own barber shop.


Her loan group members include: Rafia B., who wants to expand her pharmaceutical business; Shagufta B., who wants to expand her furniture business; and Rubina B., who wants to start a grocery shop. This loan 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
  • 139
    View loans »
    Pakistan Loans Fundraising
  • $13,320,225
    Funds lent in using Kiva
  • 69.3
    Pakistan Rupees (PKR) = $1 USD

Success!! The loan was 100% repaid

A portion of Zubaida's Group's $875 loan helped a member to expand their businesses.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Jun 17, 2008
Listed
May 30, 2008
Currency Exchange Loss:
Covered
Ended:
Jul 15, 2009