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Ruqaiya M.aslam Group
In this Group: Ruqaiya , Najma
My name is Ruqaiya. I am 37 years old and reside in a city named Lahore, Pakistan. Lahore city is famous for its Punjabi foods and historical places. I am uneducated because my parents couldn’t pay for my education. My husband's name is M. Aslam. He also lives in Lahore and has run a rented motorbikes business for the last 5 years. I have three kids: two sons and one daughter. My elder son works in a factory on a monthly wage and my younger son works in a shoe shop as a salesman. My daughter reads in the 10th standard. I have successfully repaid my first loan from Asasah (a microfinance institute of Pakistan). Now I am applying again for a loan to buy another motorbike to expand my husband’s rented motorbikes business.

I am the group leader of one other woman from my locality. Najma baji wants a loan to buy scrap for her scrap 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
  • 269
    View loans »
    Pakistan Loans Fundraising
  • $14,499,975
    Funds lent in using Kiva
  • 80.4
    Pakistan Rupees (PKR) = $1 USD

Success!! The loan was 100% repaid

A portion of Ruqaiya M.aslam Group's $425 loan helped a member to buy another motorbike for rented bikes business.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 7, 2009
Listed
Apr 7, 2009
Currency Exchange Loss:
Covered
Ended:
May 23, 2010