Parveen Akhtar Mumtaz Ali Group

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Parveen akhtar baji is a 38 years old married woman. She owns a two room brick house in the city of Pakpattan and has been living in it for the past 16 years. Her husband's name is Mumtaz ali and, for the past 16 years, he has been in the business of selling cooking oil. Parveen akhtar baji is the mother of six children: four sons and two daughters. Her elder son is a driver and drives an auto-rickshaw (a local three-wheeled motor vehicle). The others are enrolled in a school and are receiving an education. Parveen baji helps her husband sell cooking oil. She sells in the community and her husband sells in the shops. She is applying for a loan to buy cooking oil to expand the business.

Parveen akhtar baji is a group leader of more women in her locality. Nazia baji is requesting a loan to buy books of different subjects (religious, Syllabus and fiction books) for her book stall. Riffat sultana baji is requesting a loan to buy wood for her furniture making and selling business. Haleema baji is requesting a loan to buy lentils, cooking oil and spices for her food business. Hamidan baji is requesting a loan to contract for land to grow seasonal vegetables to sell. Sharifan baji is requesting a loan to buy chick peas, flour, cooking oil and spices for her food selling 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.

Important Information About This Loan
Asasah is the Kiva Field Partner in Pakistan that manages this loan. Though the State Bank of Pakistan has approved repayments on outstanding funds as of November 25th, 2009, it has come to Kiva’s attention that, due to the unique nature of Kiva’s model, future repayments to Kiva lenders could be subject to a case-by-case review by the State Bank of Pakistan. We want to make all Kiva lenders who are considering lending to entrepreneurs working with Asasah aware that, by lending to these entrepreneurs, they are taking on the additional risk that there may be an indefinite delay in repayments. Kiva will continue to work with Asasah on behalf of Kiva lenders to resolve any repayment issues should they arise.


About Group Loans
In a group loan, each member of the group receives an individual loan but is part of a group of individuals bound by a group guarantee. Under this arrangement, each member of the group supports one another and is responsible for paying back the loans of their fellow group members if someone is delinquent or defaults. Learn more