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Rasoolan's Group
In this Group: Rasoolan , Safia
Rasoolan is 27-year-old woman. She is from the city called Borewala, in Pakistan. (Borewala is famous for its shrines.) She is an uneducated lady. Her parents couldn’t send her to school because they have a big family to support. She spent her time at home and did household work. She got married at the age of 18 to a man whose name is M. R..

Rasoolan gave birth to four children: two sons and two daughters. Her elder son reads in 2nd standard and the others have no occupation. Rasoolan is a very talented lady; she manages her clothes-selling business. She receives order from her neighbors and relatives. She purchases clothing from different cities (especially Multan & Lahore) because of their cheap rates and good designs. She has been operating this business for the last 3 years. Her income helps her to share the financial burden with her husband.

Her husband sells vehicle tyres (rubber edging for wheels) in the market. He has been in this business for over 25 years. He has obtained a good reputation among his customers. He sells quality materials in his shop which attracts more customers.

Rasoolan has been a client of Asasah (a micro-finance institute in Pakistan) for the last three years. She is applying for a loan for the fourth time to purchase tyres in bulk to expand her husband’s 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

  • $4,700
    Average annual income
  • 274
    View loans »
    Pakistan Loans Fundraising
  • $14,699,975
    Funds lent in using Kiva
  • 83.9
    Pakistan Rupees (PKR) = $1 USD

Success!! The loan was 100% repaid

A portion of Rasoolan's Group's $600 loan helped a member purchase tyres for husband's business.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 21, 2010
Listed
May 3, 2010
Currency Exchange Loss:
Possible
Ended:
Apr 15, 2011