Check out other loans that are currently fundraising!
Shahnaz Syed Riaz's Group
In this Group: Shahnaz , Naseem Bano, Salma, Alia, Venus
Shahnaz lives in the city of Lahore, the second largest city of Pakistan which is known for its history and culture. She is a housewife who is married to S. R. who is a welder by trade. He operates a welding shop in the nearby market from where he welds different iron items with his welding machine. Currently, he has a single welding machine which has started giving trouble affecting his work so he cannot meet his work deadlines. He is the only breadwinner of his family and so he puts his best efforts into this work so that he earns a good profit and can meet his family's financial expenses.

Shahnaz has therefore applied for a loan from Kiva's partner, Asasah, for her husband’s welding business. With the loan amount, her husband will buy a new welding machine and can start doing his work and meet his customers' deadlines. He will not then face financial problems and can successfully continue his work without further difficulties.

Note: In the photo, Shahnaz is the lady who is raising her hand.

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
  • $13,462,325
    Funds lent in using Kiva
  • 86.2
    Pakistan Rupees (PKR) = $1 USD

Success!! The loan was 100% repaid

A portion of Shahnaz Syed Riaz's Group's $1,000 loan helped a member to buy a new welding machine.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 20, 2010
Listed
Sep 29, 2010
Currency Exchange Loss:
Possible
Ended:
Sep 15, 2011