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Nargis' Group
In this Group: Nargis , Sugran, Shamim Fatima, Rubina, Nasreen
Nargis lives in the city called Lahore in Pakistan. She is very co-operative and always ready to help her family. Her husband has a construction supplies business while she operates her sewing business. In this way they both handle their businesses independently. Their earnings help them to manage the financial circle of their family and to pay off the education expenses of their kids.

Nargis gets good orders from her neighborhood clients and finishes them on time. Her business has become renowned in her community. She has applied for a loan from Asasah for her husband. With the loan amount he will buy the construction supplies such as cement and sand in bulk and fulfill orders of his customers. Nargis hopes that this investment will enable her husband to increase his customer base and to earn good income as well.

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
  • 231
    View loans »
    Pakistan Loans Fundraising
  • $13,698,675
    Funds lent in using Kiva
  • 85.4
    Pakistan Rupees (PKR) = $1 USD

Success!! The loan was 100% repaid

A portion of Nargis' Group's $950 loan helped a member purchase construction supplies.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 26, 2010
Listed
Jul 26, 2010
Currency Exchange Loss:
Possible
Ended:
Jul 15, 2011