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Farida's Group
In this Group: Farida, Kosar, Bilquis, Sabra, Nusrat
Farida baji is the wife of M. A. B. and lives in a historical place named Yadgar in the city Lahore, Pakistan. She owes a two-room brick house and has been living in it for the last 35 years. She is the mother of four children: two sons and two daughters. Her sons work in a medical store as salesmen. Her elder daughter is in 8th standard. Her younger daughter is in 7th standard.



Farida baji’s husband is an electrician by profession. Farida baji is a housewife and prefers to do household work and take care of her family. She is applying for a loan to buy medicines because her elder son wants to open his own medical store.



She is joined in her loan group by several more members. Kosar baji and Bilquis baji each want a loan to buy garments to re-sell. Sabra baji wants a loan to buy spare parts for vehicles for her spare-parts shop. Nusrat baji wants a loan to buy goods (snacks, biscuits) for her canteen.



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
  • 248
    View loans »
    Pakistan Loans Fundraising
  • $13,737,225
    Funds lent in using Kiva
  • 80.9
    Pakistan Rupees (PKR) = $1 USD

Success!! The loan was 100% repaid

A portion of Farida's Group's $1,375 loan helped a member to buy medicines to open a pharmaceutical store.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Nov 7, 2008
Listed
Oct 24, 2008
Currency Exchange Loss:
Covered
Ended:
Mar 11, 2010