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Ghulam Fatima's Group
In this Group: Ghulam Fatima, Rehana, Rehana, Mumtaz
G. Fatima baji is a wife of A. S. and lives in the Walton area of Lahore, Pakistan. She has been living in this place for the last five years. She is the mother of five children: two sons and three daughters. All of her children are enrolled in the local schools. G. Fatima baji’s husband is a tailor. G. Fatima baji is a housewife and prefers to do household work and take care of her family. She successfully repaid her first loan from Asasah (a microfinance institute of Pakistan). Now she is applying for a loan to buy another sewing machine for her husband.



She is joined in her loan group by three other women:
Rehana baji and another Rehana baji each want a loan to buy a rubbing machine. (Rubbing machines are used to plain marble floors.)
Mumtaz baji wants a loan to buy another movie camera for her movie making business.



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 for the repayment.

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
  • 167
    View loans »
    Pakistan Loans Fundraising
  • $13,510,575
    Funds lent in using Kiva
  • 80.8
    Pakistan Rupees (PKR) = $1 USD

Success!! The loan was 100% repaid

A portion of Ghulam Fatima's Group's $1,025 loan helped a member to buy a sewing machine.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Nov 8, 2008
Listed
Oct 25, 2008
Currency Exchange Loss:
Covered
Ended:
Mar 11, 2010