Check out other loans that are currently fundraising!
Shahnaz's Group
In this Group: Shahnaz, Shahida, Naziran, Shakooran
Shahnaz baji is the wife of M. S. and has lived in the city of Borewala, Pakistan for the past 3 years, where she owns a two room brick house. She is the mother of four children: one son and three daughters. Her children are enrolled in a local school in her neighborhood. Her husband is a mason by profession. Shahnaz baji is a housewife and prefers to take care of her children. She is applying for a loan to buy masonry tools (beams, hammer) for her husband.

She is joined in her loan group by a few more members: Shahida baji wants a loan to buy a juicer machine; Naziran baji wants a loan to buy an auto-rickshaw (local three-wheeled motor vehicle); and Shakooran baji wants a loan to buy cloth to resell.

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 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

  • $4,700
    Average annual income
  • 282
    View loans »
    Pakistan Loans Fundraising
  • $14,499,975
    Funds lent in using Kiva
  • 71.5
    Pakistan Rupees (PKR) = $1 USD

Success!! The loan was 100% repaid

A portion of Shahnaz's Group's $850 loan helped a member to expand their businesses.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Sep 12, 2008
Listed
Aug 24, 2008
Currency Exchange Loss:
Covered
Ended:
Dec 2, 2009