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Rasheeda M. Ashraf Group
In this Group: Rasheeda , Majidan , Jamila , Sakina
My name is Rasheeda and I have lived in Kasur, Pakistan for the last 18 years. Kasur is famous for its sweetmeats. My husband's name is M. A.. He has a business selling construction supplies. He has been in this business for the last 6 years. I am a mother of three sons; all of them are currently in school and getting an education. I belong to a decorative embroidery business. I prepare embroidery dresses on order which I collect from the cloth market. To make one dress takes me 1 month and I earn a good income from this work. I use my income to pay off the school fees of my kids and fulfill their basic needs. I am applying for a loan to expand my husband’s construction supply business.

I am the group leader of three other women from my locality. Majidan baji and Jamila baji each want a loan to buy embroidery materials (colored thread, cloth and beads). Sakina baji wants a loan to buy seasonal fruits for her fruit- 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 each others 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
  • 272
    View loans »
    Pakistan Loans Fundraising
  • $14,714,900
    Funds lent in using Kiva
  • 80.9
    Pakistan Rupees (PKR) = $1 USD

Success!! The loan was 100% repaid

A portion of Rasheeda M. Ashraf Group's $875 loan helped a member to buy construction supplies to sell.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 17, 2009
Listed
May 20, 2009
Currency Exchange Loss:
Covered
Ended:
May 31, 2010