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Bushra Razaq Razaq Ahmad Group
In this Group: Bushra Razaq, Shahnaz Begum , Farzana , Fozia , Abida Parveen
Bushra R. baji is a 36-year-old married lady and a citizen of a city named Lahore in Pakistan for the past 14 years. Her husband, R. A., has been an auto-rickshaw (a local three-wheeled motor vehicle) driver for the past five years. Bushra baji is the mother of five kids: three sons and two daughters. All of her kids are getting an education from a school located near the house.


Bushra baji operates a clothes-sewing business. She charges $2 per dress. Mostly her customers are her neighbors. She successfully repaid her two loans from Kiva's partner Asasah (a microfinance institute of Pakistan). Now she is applying again for a loan to repair her husband’s auto-rickshaw.


Bushra baji is the group leader of another four women from her area. Shahnaz begum baji wants a loan to buy ready-made garments to sell. Farzana baji wants a loan to buy furniture for her tuition (tutoring) center. Fozia baji wants a loan to buy scrap for her scrap business. Abida parveen baji wants a loan to buy material (lentils, 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.

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
  • 152
    View loans »
    Pakistan Loans Fundraising
  • $13,462,325
    Funds lent in using Kiva
  • 80.2
    Pakistan Rupees (PKR) = $1 USD

Success!! The loan was 100% repaid

A portion of Bushra Razaq Razaq Ahmad Group's $1,250 loan helped a member to repair an auto-rickshaw (a local three-wheeled motor vehicle).
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 27, 2010