Check out some available loans that are similar to this one!
Mumtaz's Group
In this Group: Mumtaz, Irshad, Nasreen
Mumtaz is the age of 34, living with her family in the area of Lahore, Pakistan.

She belongs to a small family. She has two children only. Her husband’s income is not good, but due to less family members she can easily manage the household expenses.

She is taking a loan for her husband’s painting shop; in fact, her husband provides the services of banner writing for advertisements or publishing politician’s messages. His writing is very attractive because he has been writing banners for many years and has a great practice doing banner writing.
He uses pieces of cheap white cloth, paint, and brushes for banner writing.

At his shop, only two colors are available for banner writing. Nowadays a theater director gave him a contract to draw the pictures of casted actors, but he does not have multicolored paint canes. Therefore, Mumtaz requested a loan for her husband so that he could buy multicolored canes of paint.

Mumtaz says thanks to kiva and to its field partner BRAC Pakistan.

Additional Information

More information about this loan

BRAC Pakistan focuses its work in some of the most underdeveloped parts of Pakistan, characterized by poor infrastructure and high levels of poverty. By supporting this loan, you are enabling access to finance for borrowers living in some of Pakistan's poorest areas.

About BRAC Pakistan

BRAC Pakistan is a subsidiary of BRAC, one of the world’s largest development organizations with a focus on microfinance and economic empowerment. It offers micro-loans designed to help small businesses, very poor clients and others, in addition to health and education services. Kiva’s flexible, zero-interest capital will enable BRAC to expand its outreach in underserved regions and to women who have had no access to microfinance services.

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
  • 300
    View loans »
    Pakistan Loans Fundraising
  • $13,746,850
    Funds lent in using Kiva
  • 105.0
    Pakistan Rupees (PKR) = $1 USD

Success!! The loan was 100% repaid

A portion of Mumtaz's Group's $1,100 loan helped a member to buy multicolored paints for writing banners to sell.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 16, 2013
Listed
Sep 23, 2013
Currency Exchange Loss:
Possible
Ended:
Jul 17, 2014