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Yasmeen's Group
In this Group: Yasmeen, Anwar, Rashda, Nadia, Majeedan
Yasmeen baji, the wife of F. H., has lived in Chichawatni, Pakistan for the last 20 years. She owns a four room brick house and is the mother of five children: two sons and three daughters. Her sons finished their education at the 10th standard (grade) while her daughters are enrolled in a local school in her neighborhood. She recently successfully completed her first loan from Asasah (a microfinance institute of Pakistan) and now is applying for a loan to buy more shoes to resell in her husband’s shoe shop.



She is joined in her loan group by four other members: Anwar baji wants to buy garments to resell locally; Rashda baji seeks a loan for her grocery shop; Nadia baji wants a loan for her stove to make and sell nan (bread), while Majeedan baji wishes to buy oil to cook her Punjabi food (samosas, pakodas, etc.), which she then sells.



This is a group loan. The loan funds will be distributed among the group members, each of whom will invest in her own business. The members guarantee one another's loans, so 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
  • 158
    View loans »
    Pakistan Loans Fundraising
  • $13,439,025
    Funds lent in using Kiva
  • 70.4
    Pakistan Rupees (PKR) = $1 USD

Success!! The loan was 100% repaid

A portion of Yasmeen's Group's $1,125 loan helped a member to expand their businesses.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Sep 7, 2008
Listed
Jul 27, 2008
Currency Exchange Loss:
Covered
Ended:
Dec 2, 2009