Roohi Bano Akhtar Hussain Group

|

More

In this Group:
Roohi bano Akhtar hussain , Zeenat naz Faryad ali, Amna M.Aslam

Roohi bano baji is 40 years old married lady and a citizen of a city named Lahore, Pakistan for the past 50 years. Roohi baji married a man whose name is Akhtar hussain and he runs a shop where he prepares embroidered clothes with the help of an embroidery machine. Roohi baji is the mother of five kids: four daughters and one son. All of her kids are getting an education from a local school. Roohi baji operates a decorative embroidery business. She prepares embroidered dresses by taking orders from her neighbors and relatives. She charges $3 per embroidered dress. She is applying for a loan to buy another embroidery machine to expand her husband’s decorative embroidery business.

Roohi bano baji is the group leader of two other women from her locality. Zeenat naz baji wants a loan to buy thread to sell. Amna baji wants a loan to buy beams for her shuttering 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

Subscribe