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Munaza's Group
In this Group: Munaza, Tanvir, Kalsoom, Safia, Shamim
Munaza baji is the wife of M. A. and the mother of four children. All of her children are enrolled in a local school in her neighborhood. She lives in a city named Chichawatni, Pakistan. Munaza baji's husband has a business in cable networking. The definition of cable networking is "he provides tv channels to the community through satellite". Munaza baji is a housewife and prefers to do household work. She successfully completed her first loan from Asasah (a microfinance institute in Pakistan). Now she is applying for a loan to buy wire to expand her husband's cable networking business.



She is joined in her loan group by several more members. Tanvir baji wants a loan to buy seasonal fruit to resell. Kalsoom baji wants a loan to buy mason's tools. Safia baji wants a loan to buy computer parts to resell. Shamim baji wants a loan to buy leather for her leather 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
  • 257
    View loans »
    Pakistan Loans Fundraising
  • $14,499,975
    Funds lent in using Kiva
  • 74.2
    Pakistan Rupees (PKR) = $1 USD

Success!! The loan was 100% repaid

A portion of Munaza's Group's $1,075 loan helped a member to buy cable wires for her husband's business.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Sep 16, 2008
Listed
Sep 1, 2008
Currency Exchange Loss:
Covered
Ended:
Dec 2, 2009