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Musarat Mahmood Akhtar Group
In this Group: Musarat , Parveen , Jamila
Musarat baji is a 30-year-old resident of Arifwala, Pakistan, married to M. A., an auto-rickshaw driver, and the mother of three children: two sons and one daughter. Her oldest son is in kindergarten while the others are not yet of school-going age.



Musarat baji has a business knitting bed sheets and sofa covers, saving part of her income and using the rest to pay her son’s school fees. She is now applying for a loan to buy an auto-rickshaw (a local three-wheeled motor vehicle) for her husband.



Musarat is a group leader of two other women:

Parveen baji wants a loan to buy milk to resell.

Jamila baji wants a loan to buy a donkey cart for loading.



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, so 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
  • 276
    View loans »
    Pakistan Loans Fundraising
  • $14,714,500
    Funds lent in using Kiva
  • 78.8
    Pakistan Rupees (PKR) = $1 USD

Success!! The loan was 100% repaid

A portion of Musarat Mahmood Akhtar Group's $700 loan helped a member to buy an auto-rickshaw (a local three-wheeled motor vehicle).
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Dec 29, 2008
Listed
Dec 26, 2008
Currency Exchange Loss:
Covered
Ended:
Apr 16, 2010