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Kosar's Group
In this Group: Kosar, Rubina, Sabah, Naeem, Nazia
Kosar baji is the wife of G. M. and lives in a small area named Bund Road of City Lahore, Pakistan. She has been living in this area for the last 20 years. She is the mother of four children: three sons and one daughter. Her elder son completed his education in the 10th standard and has a furniture-making business. The next to him completed his education in the 12th standard and is now working in an office. Her younger son is completing his bachelor’s degree. Her daughter reads in the 12th standard. Kosar baji’s husband runs a hotel in his community. He has been in this business for the last 20 years. He is a well-known person in his community and everybody comes to him for buying food. Particularly, he sells a Punjabi dish (Nan and Channay). Kosar baji herself is a housewife and also helps her husband in making dishes. She is applying for a loan to buy more materials (cooking oil, lentils, vegetables, rice and spices) for her husband’s food business.

She is joined in her loan group by a few more members. Rubina baji wants a loan to buy more garments to resell. Sabah baji wants a loan to buy another juicer machine for her juice corner. Naeem baji wants a loan to repair her auto-rickshaw (a local three-wheeled motor vehicle). Nazia baji wants a loan to buy an auto-rickshaw.

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
  • 252
    View loans »
    Pakistan Loans Fundraising
  • $14,728,150
    Funds lent in using Kiva
  • 80.8
    Pakistan Rupees (PKR) = $1 USD

Success!! The loan was 100% repaid

A portion of Kosar's Group's $1,125 loan helped a member to buy materials for her food business.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Nov 7, 2008
Listed
Oct 23, 2008
Currency Exchange Loss:
Covered
Ended:
Mar 11, 2010