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Khursheed M.rafiz's Group
In this Group: Khursheed, Nazia, Hamidan, Abida
Khursheed baji is the wife of M. and has been married for the last 40 years. She is the mother of nine children: three sons and six daughters. She is a sweeper in a school and her husband is a fruit seller. She successfully repaid her first loan from Asasah, a microfinance institute in Pakistan. She bought fruits for her husband’s fruit selling business and is applying again for funds for the same business.

Khursheed baji has been joined in her group by three other women. Nazia baji wants this loan to expand her welding business and Hamidan baji needs funds to expand her scrap work. Abida baji will use the loan for her garment business.

This is a group loan and the funds will be distributed among the group members and each 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

  • $4,700
    Average annual income
  • 290
    View loans »
    Pakistan Loans Fundraising
  • $14,521,250
    Funds lent in using Kiva
  • 66.5
    Pakistan Rupees (PKR) = $1 USD

Success!! The loan was 100% repaid

A portion of Khursheed M.rafiz's Group's $900 loan helped a member to expand and improve their businesses.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Jul 28, 2008
Listed
Jul 13, 2008
Currency Exchange Loss:
Covered
Ended:
Dec 2, 2009