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Naseem's Group
In this Group: Naseem, Shamim, Sakina, Salma
Naseem baji is the wife of G. M. and has lived in the city of Borewala, Pakistan for the last 25 years. She is the mother of four children: three sons and one daughter. Her elder son is a daily wage laborer, and the other three children are enrolled in a local school in her neighborhood. Her husband is a vegetable seller and has been in this profession for the last 10 years. She successfully completed her two loans from Asasah (a microfinance institute of Pakistan). Now she is applying for a loan to buy more vegetables for her husband’s business.

She is joined in her loan group by a few more members. Shamim baji wants a loan to buy cosmetics to resell. Sakina baji wants a loan to buy thread for her carpet weaving business. Salma baji wants a loan to buy more milk for her milk business.

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
  • 196
    View loans »
    Pakistan Loans Fundraising
  • $14,448,675
    Funds lent in using Kiva
  • 71.5
    Pakistan Rupees (PKR) = $1 USD

Success!! The loan was 100% repaid

A portion of Naseem's Group's $975 loan helped a member to expand their businesses.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Sep 13, 2008
Listed
Aug 24, 2008
Currency Exchange Loss:
Covered
Ended:
Dec 2, 2009