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Parveen's Group
In this Group: Parveen, Sakina, Ghulam Fatima, Nusrat, Farhat
Parveen akhtar is the widow of M. A.. Her husband died ten years ago.. She has lived in Arifwala, Pakistan for the last 50 years. She has seven children; two sons and five daughters. Her son, Zulfiqar, has a food business and runs his own hotel. She wants to apply a loan for her dry cleaning business. She hopes that if she earns a profit she will marry her daughter.


She has four other women in her loan group. Sakina baji wants to buy juicer machine; Ghulam Fatima baji wantsa loan to expand her shoe business; Nusrat baji wants to make plastic utensils and Farhat baji wants a loan for her garment business.


The loan will be distributed among the group members, each of whom will invest in her 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
  • 137
    View loans »
    Pakistan Loans Fundraising
  • $13,079,825
    Funds lent in using Kiva
  • 66.5
    Pakistan Rupees (PKR) = $1 USD

Success!! The loan was 100% repaid

A portion of Parveen's Group's $1,475 loan helped a member to expand their businesses.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Jul 25, 2008
Listed
Jul 10, 2008
Currency Exchange Loss:
Covered
Ended:
Dec 2, 2009