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Grocery Store Group
In this Group: Khursheed, Tasmeen, Zulaikhan
Khursheed baji is the wife of M. Ramzan and lives in a city named Pakpattan, Pakistan. Pakpattan city is famous for its historical and pious places. She has been living in this city for the last 30 years. She is the mother of two children: one daughter and one son. Both of her kids are enrolled in a local school in her neighborhood. Her husband has been running a grocery shop for the last 20 years. Khursheed baji is a housewife and prefers to do household work and take care of her family. She is applying for a loan to buy groceries to expand her husband's grocery shop.

She is joined in her loan group by a few more members. Tasmeena baji wants a loan to buy a donkey cart. Zulaikhan baji wants a loan to buy fruits 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
  • 277
    View loans »
    Pakistan Loans Fundraising
  • $14,708,500
    Funds lent in using Kiva
  • 76.2
    Pakistan Rupees (PKR) = $1 USD

Success!! The loan was 100% repaid

A portion of Grocery Store Group's $500 loan helped a member to buy more groceries to resell.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Sep 26, 2008
Listed
Sep 12, 2008
Currency Exchange Loss:
Covered
Ended:
Dec 2, 2009