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Kosar Parveen Zafar Iqbal Group
In this Group: Kosar Parveen, Nazir Begum, Samina Begum , Haseena , Sardaran Mai
Kosar parveen baji has been a citizen of Multan, Pakistan for the last 10 years. Multan city is famous for its handmade items and for its shrines. Kosar baji is an uneducated lady who couldn’t get an education because her parents couldn’t afford the education expenses due to little financial resource. She married a man whose name is Z. I. and he works in a factory for a monthly wage. Kosar baji is a very hardworking lady. She helps her husband by selling thread. She buys old warm clothes and pulls the thread out from them. Then she washes them and makes a roll. This process takes her a whole day. She sells the thread rolls to the thread sellers and earns an income. Her husband feels proud of her. She is applying for a loan to buy more old warm clothes to increase the profit of her business.

She is the group leader of four other women from her locality. Nazir begum baji and Samina begum baji each want a loan to buy material (cloth, colored thread and sketches) for their decorative embroidery business. Haseena baji wants a loan to buy cigarettes to sell. Sardaran mai baji wants a loan to buy a buffalo for her milk 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

  • $4,700
    Average annual income
  • 352
    View loans »
    Pakistan Loans Fundraising
  • $16,479,525
    Funds lent in using Kiva
  • 80.9
    Pakistan Rupees (PKR) = $1 USD

Success!! The loan was 100% repaid

A portion of Kosar Parveen Zafar Iqbal Group's $1,050 loan helped a member to buy old warm clothes for thread selling business.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Apr 29, 2009
May 18, 2009
Currency Exchange Loss:
Jun 7, 2010