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Zareena M.nawaz Group
In this Group: Zareena, Suraiya, Shahnaz, Kosar, Shamim, Uzma
Zareena baji is the wife of M. and has lived in the city of Kasur, Pakistan for the last 25 years. She is 4 years younger than her husband and the mother of five children: three sons and two daughters. She has a two room brick house. Her husband is famous for his samosas, the well known Punjabi food. Zareena baji is applying for a loan to expand her husband’s business.

There are five other women who are members of the loan group. Suraiya baji wants the loan to improve her food business. Shahnaz baji wants to buy a horse cart and Uzma baji wants to expand her oil business. Kosar baji will expand her sewing machine business and Shamim baji wants to repair her auto-rickshaw.

This is a group loan. The loan funds will be distributed among the group members and each woman will invest in her own business. The members mutually guarantee one another's loans and 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
  • 223
    View loans »
    Pakistan Loans Fundraising
  • $13,121,575
    Funds lent in using Kiva
  • 66.5
    Pakistan Rupees (PKR) = $1 USD

Success!! The loan was 100% repaid

A portion of Zareena M.nawaz Group's $1,600 loan helped a member to expand and improve their businesses.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Aug 4, 2008
Listed
Jul 13, 2008
Currency Exchange Loss:
Covered
Ended:
Dec 2, 2009