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Iqbal's Group
In this Group: Iqbal , Sugran Akhtar, Allah Rakhi, Sakina
Iqbal is a wife of M. P. and lives in the Pakistani city of Borewala, which is famous for its shrines. She owns a small, two-roomed house where she has lived with her family for the past 35 years. Iqbal is a very talented lady who operates her own business making and selling embroidered clothes. She has been running this business for over five years. Initially, her customer base was limited to her neighbors, but now she sells in the clothes markets as well to generate income. She has one daughter, who is just two years old.

Iqbal's husband operates a clothes-selling business. He purchases clothes from cities such as Multan, Faisalabad and Lahore because of their good designs and low prices. He has been operating this business for over ten years and has a good reputation among his customers. The couple's earnings help them to manage the financial expenses of their home. They dream that their daughter will grow up with a good education and a bright future.

Iqbal has successfully repaid her first loan to Kiva partner, Asasah – a microfinance institution in Pakistan. Now she is applying for her second loan, which will be used to purchase clothes so that her husband can increase his business and earn a good profit from it.

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
  • 283
    View loans »
    Pakistan Loans Fundraising
  • $14,693,800
    Funds lent in using Kiva
  • 84.3
    Pakistan Rupees (PKR) = $1 USD

Success!! The loan was 100% repaid

A portion of Iqbal's Group's $1,150 loan helped a member to purchase clothes for resale in her husband's business.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 4, 2010
Listed
May 9, 2010
Currency Exchange Loss:
Possible
Ended:
Apr 15, 2011