Funded

Total loan: $1,150
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Mumtaz M. Niaz Group

Pakistan
Pakpattan, Pakistan / Food Production/Sales

A loan of $1,150 helped a member to buy material for food business.


Mumtaz M. Niaz Group's story

Mumtaz Baji is a 38-year-old married lady and has been a citizen of a city named Pakpattan, Pakistan for the past 20 years. Her husband, M. N., runs a small hotel in the community where he sells Punjabi food. Pakistani people are fond of Punjabi food. Mumtaz Baji helps him by cooking the Punjabi foods (daal chawal, dahi bhalas and samosas). She successfully repaid her two loans from Asasah (a microfinance institute of Pakistan). Now she is applying again for a loan to buy material (lentils, cooking oil and spices) to expand her husband’s food selling business.

She is a group leader of some more women of her locality. Allah Rakhi Baji and Rehana Kosar Baji each want a loan to buy a donkey cart for hauling. Ashran Baji and Shamim Akhtar Baji each want a loan to buy livestock (goats) to resell. Naseem Baji wants a loan to buy cold drinks for her cold corner.

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.

In this group: Mumtaz , Allah Rakhi , Rehana Kosar , Ashran , Shamim Akhtar , Naseem
*not pictured


Loan details

Loan length:

13 months
Disbursed date: February 27, 2009

Lenders and lending teams



Loan details

Loan length:

13 months
Disbursed date: February 27, 2009