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Safia Parveen's Group
In this Group: Safia Parveen, Guldan , Yasmeen
Safia parveen lives in a city called Borewala, in Pakistan. Borewala city is famous for its shrines. Her husband's name is M. A. and he sells used clothes in the market and earns income. Safia is not only a housewife but she also manages her embroidered clothes business. She prepares embroidered clothes on order and earns income. She earns approximately Pak Rs. 10,000 every month. She uses her income to pay for the utilities and the education expenses of her children. She is applying for a loan to buy used clothes to expand her husband’s business.

She has two other ladies in her loan group. Guldan wants a loan to buy goats for her animal-selling business. Yasmeen wants a loan to buy timbers for her timber-selling business.

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

  • $3,004
    Average annual income
  • 153
    View loans »
    Pakistan Loans Fundraising
  • $13,439,025
    Funds lent in using Kiva
  • 84.0
    Pakistan Rupees (PKR) = $1 USD

Success!! The loan was 100% repaid

A portion of Safia Parveen's Group's $725 loan helped a member to buy used clothes to sell.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 2, 2010
Listed
Mar 28, 2010
Currency Exchange Loss:
Possible
Ended:
Mar 15, 2011