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Shabana Zafar Iqbal Group
In this Group: Shabana , Shahnaz , Razia Begum , Shahnaz Kosar, Safia
Shabana baji is a thirty-nine-year-old married lady and has been a resident of Lahore, in Pakistan, for the last twenty-five years. She is married to Z. I., and he has had a carpet weaving business for the last six years. He learned this art from his father. Shabana baji is the mother of four children - two sons and two daughters. All of her children are getting an education from a school which is located near their house. Shabana baji helps her husband in his carpet weaving business. She is applying for a loan to buy materials (colored thread, tools) for weaving carpets.

Shabana baji is the group leader of another four women from her locality. Shahnaz baji wants a loan to buy groceries for her grocery shop. Razia begum baji wants a loan to buy a molding machine. Shahnaz kosar baji wants a loan to buy electrical supplies (wires, switch boards) to sell. Safia baji wants a loan to buy a washing machine for her laundry 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.

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
  • 273
    View loans »
    Pakistan Loans Fundraising
  • $14,699,975
    Funds lent in using Kiva
  • 80.2
    Pakistan Rupees (PKR) = $1 USD

Success!! The loan was 100% repaid

A portion of Shabana Zafar Iqbal Group's $1,250 loan helped a member to buy materials for carpet weaving business.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Mar 19, 2009
Listed
Mar 17, 2009
Currency Exchange Loss:
Covered
Ended:
May 18, 2010