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Naseem Akhtar's Group
In this Group: Naseem Akhtar, Parveen Akhtar, Safia Begum, Zahoor Mai, Khalida Begum
Naseem akhtar has applied for a loan for her husband, who will buy a welding machine for his welding business.

Naseem akhtar operates a business selling spools of thread. She gets the thread from used warm-weather clothes. Her two daughters also help her in this work. She has six years of experience in this business. Her income helps her to share the financial responsibilities of her family.

They belong to a mid-sized city called Vehari in Pakistan. They own a small two-room house in the area named "People's Colony." She thinks that an investment in her husband’s business will enable him to weld more equipment for his customers and generate more profit. She also has a desire to marry her oldest daughter in the coming year with the help of profits generated by the loan.

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
  • 160
    View loans »
    Pakistan Loans Fundraising
  • $13,278,425
    Funds lent in using Kiva
  • 85.4
    Pakistan Rupees (PKR) = $1 USD

Success!! The loan was 100% repaid

A portion of Naseem Akhtar's Group's $1,125 loan helped a member to purchase a welding machine.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Jul 5, 2010
Listed
Jul 5, 2010
Currency Exchange Loss:
Possible
Ended:
Jun 15, 2011