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Rahmani's Group
In this Group: Rahmani, Jamila, Parveen, Khursheed
Rahmani Baji is the wife of M. I. and lives in a small area named Riwind o Kasur, Pakistan. It is a half hour from Kasur. Riwind is an area full of fruits and vegetable markets. Rahmani Baji is married for the last 30 years. She is the mother of five sons. All of her sons run their own barber saloon. They have been in this business for the last 10 years. Rahmani Baji's husband makes car seat covers and sells them in the market. He has been in this business for the last 22 years. Rahmani Baji is a housewife and prefers to do household work and take care of her family. She successfully repaid her three loans from Asasah (a microfinance institute of Pakistan). Now she is applying for a loan to buy chairs, a mirror and tools for her sons' barber saloon.



She is joined in her loan group by a few more members. Jamila Baji wants a loan to buy more seasonal fruits to resell. Parveen Baji and Khursheed Baji each want a loan to buy groceries for their grocery shop.



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
  • 133
    View loans »
    Pakistan Loans Fundraising
  • $13,292,875
    Funds lent in using Kiva
  • 82.6
    Pakistan Rupees (PKR) = $1 USD

Success!! The loan was 100% repaid

A portion of Rahmani's Group's $925 loan helped a member to buy material (chairs, mirrors) for barber saloon.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Nov 1, 2008
Listed
Oct 18, 2008
Currency Exchange Loss:
Covered
Ended:
Mar 11, 2010