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Mumtaz M.ramzan Group
In this Group: Mumtaz , Noreen Anjum , Shamim , Parveen Akhtar , Riaz
Mumtaz baji is the wife of M. R. and has resided in a city named Vehari, Pakistan for the last 10 years. Mumtaz baji’s husband has a business selling cosmetics. He buys cosmetics from a famous city named Lahore and sells in parlors and cosmetic shops. He has been in this business for the last seven years. Mumtaz baji is applying for a loan to buy cosmetics to expand her husband’s business.

She is the group leader for some more women in her locality. Noreen anjum baji wants a loan to buy cosmetics for her parlor. Shamim baji wants a loan to pay off the installments on her auto-rickshaw (a local three-wheeled motor vehicle). Parveen akhtar baji wants a loan to buy paints to sell. Riaz 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 group member 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
  • 162
    View loans »
    Pakistan Loans Fundraising
  • $17,354,175
    Funds lent in using Kiva
  • 79.7
    Pakistan Rupees (PKR) = $1 USD

Success!! The loan was 100% repaid

A portion of Mumtaz M.ramzan Group's $825 loan helped a member to buy cosmetics to sell.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Mar 10, 2009
Mar 6, 2009
Currency Exchange Loss:
May 19, 2010