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Sugran M.yunas Group
In this Group: Sugran , Naziran , Fozia , Rubina, Parveen, Saleema
Sugran baji is a 38 years old married woman and resides in an area named Kot Radha Kishan, which is 24 km away from the city of Kasur, Pakistan. Her husband name is M., who is a government servant. She is the mother of five children: three daughters and two sons. None of her children goes to school. Sugran baji works as a midwife because her husband’s income is insufficient to meet the expenses. She successfully repaid her first loan from Asasah (a microfinance institution of Pakistan). Now she is applying again for a loan to buy tools and medicines for her business.

She is a group leader of a few women. Naziran baji wants a loan to buy medicines for her midwife business. Fozia baji wants a loan to buy CD’s to resell. Rubina baji wants a loan to buy groceries for her grocery store. Parveen baji wants a loan to buy a buffalo for her milk selling business. Saleema baji wants a loan to buy bed sheets to resell.

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
  • 157
    View loans »
    Pakistan Loans Fundraising
  • $13,425,575
    Funds lent in using Kiva
  • 78.8
    Pakistan Rupees (PKR) = $1 USD

Success!! The loan was 100% repaid

A portion of Sugran M.yunas Group's $1,175 loan helped a member to buy medicines and tools.
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 18, 2010