Check out some available loans that are similar to this one!
Kosar M. Akram Group
In this Group: Kosar, Zulaikha, Nooran, Hanifan, Rani
Kosar Baji is the wife of M. Akram and lives in a city named Pakpattan, which is famous for its historical and pious places. Kosar Baji has been living in this city for the last 10 years. Kosar Baji completed her education to the 8th standard. She is the mother of five children: one son and four daughters. Her son drives an auto-rickshaw (a local three-wheeled motor vehicle). All of her daughters are enrolled in a local school in her neighborhood. Kosar Baji's husband drives a tractor for loading and earns a profit. Her husband has been in this profession for the last 10 years. Kosar Baji is a housewife and prefers to do household work. She successfully repaid her first loan from Asasah and now she is applying for a loan to change the wheels on her husband's tractor.



She is joined in her loan group by a few more members. ZulaiK. Baji wants a loan to buy rice to resell. Nooran Baji wants a loan to repair her auto-rickshaw. Hanifan Baji wants a loan to buy wheels for a tractor. Rani Baji wants a loan to buy a rope machine to make cots.



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

  • $3,004
    Average annual income
  • 202
    View loans »
    Pakistan Loans Fundraising
  • $13,654,625
    Funds lent in using Kiva
  • 76.7
    Pakistan Rupees (PKR) = $1 USD

Success!! The loan was 100% repaid

A portion of Kosar M. Akram Group's $975 loan helped a member to change the wheels of a tractor.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Sep 21, 2008
Listed
Sep 7, 2008
Currency Exchange Loss:
Covered
Ended:
Dec 2, 2009