Fozia baji, the wife of Mumtaza Ali Haider, resides in Kasur, Pakistan. She owns a two-room brick house where she has been living for the past 10 years. She is the mother of two sons. Her elder son is in the 4th standard grade and her younger son is in kindergarten. Fozia baji’s husband has a mobile phone shop in which he sells and repairs mobile phones. He has been in this business for the past 5 years. Fozia baji has a business selling clothes. Because she wants to share the financial burden of her husband, and because of inflation is increasing every day, it's very difficult for a single person to support the family. She is applying for a loan to expand her clothing business. She is joined in her loan group by three more members. Zahida Parveen baji wants a loan to buy leather to resell. Suraiya baji wants a loan to buy groceries for her grocery shop. Amreena baji wants a loan to buy lentils, rice, cooking oil, and spices for her food 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. Note: "Baji," which means "older sister," is a term of respect for women in Pakistan.
16.12.08
Kiva and a new project
Vicente Vega from Paraguay has repaid his loan and I've new re-loaned to a small group of entrepreneurs in Pakistan. Kiva continues to make a significant impact on me and I am keenly interested in how this team of four women will use the loan to extend their individuals businesses. Here's a photo and write-up.
Fozia baji, the wife of Mumtaza Ali Haider, resides in Kasur, Pakistan. She owns a two-room brick house where she has been living for the past 10 years. She is the mother of two sons. Her elder son is in the 4th standard grade and her younger son is in kindergarten. Fozia baji’s husband has a mobile phone shop in which he sells and repairs mobile phones. He has been in this business for the past 5 years. Fozia baji has a business selling clothes. Because she wants to share the financial burden of her husband, and because of inflation is increasing every day, it's very difficult for a single person to support the family. She is applying for a loan to expand her clothing business. She is joined in her loan group by three more members. Zahida Parveen baji wants a loan to buy leather to resell. Suraiya baji wants a loan to buy groceries for her grocery shop. Amreena baji wants a loan to buy lentils, rice, cooking oil, and spices for her food 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. Note: "Baji," which means "older sister," is a term of respect for women in Pakistan.
Fozia baji, the wife of Mumtaza Ali Haider, resides in Kasur, Pakistan. She owns a two-room brick house where she has been living for the past 10 years. She is the mother of two sons. Her elder son is in the 4th standard grade and her younger son is in kindergarten. Fozia baji’s husband has a mobile phone shop in which he sells and repairs mobile phones. He has been in this business for the past 5 years. Fozia baji has a business selling clothes. Because she wants to share the financial burden of her husband, and because of inflation is increasing every day, it's very difficult for a single person to support the family. She is applying for a loan to expand her clothing business. She is joined in her loan group by three more members. Zahida Parveen baji wants a loan to buy leather to resell. Suraiya baji wants a loan to buy groceries for her grocery shop. Amreena baji wants a loan to buy lentils, rice, cooking oil, and spices for her food 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. Note: "Baji," which means "older sister," is a term of respect for women in Pakistan.
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1 comment:
Milton! I miss you! How are you doing? I asked for a Comment subscription for Christmas. I'm glad to see that you had your first reloan on Kiva and that you appreciate Kiva. I like reading your blog and I like that you have provided a comment section. I have wanted to comment before but it wasn't there (I'm not sure if this is new or if I just didn't see it before).
Anyways, I hope you're doing well Milton.
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