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Nanci Yousaf's Group
In this Group: Nanci , Parveen, Nasreen, Rubina, Naseem
Nanci lives in Faisalabad which is Pakistan’s third largest city and is famous for its textile industry. She lives in a two-room brick house with her family in the area named Medina town. She is a 49-year-old widow and lost her husband few years ago. It was a very difficult time for her and her family but she never lost hope. She raised her children with great care. Now both her sons sell sanitation supplies in the market and earn well from this business. Both of them respect their mother a lot and care for her the way she cares for them.

Nanci is satisfied now that her sons are settled and operating their business. She has applied for a loan from Kiva's partner, Asasah, for her sons’ business. With the loan amount, her sons will buy sanitation supplies such as taps, water pipes, etc. to increase their sales. She is hopeful that her sons' business will improve and her family will have a better standard of living.

She wants her eldest son to marry and she hopes that she will be able to help him do it very soon with the help of profit from the loan. She is a new loan applicant and hopes that it will be a profitable experience for her family.

Note: In the photo, Nanci 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

  • $4,700
    Average annual income
  • 257
    View loans »
    Pakistan Loans Fundraising
  • $14,499,975
    Funds lent in using Kiva
  • 86.2
    Pakistan Rupees (PKR) = $1 USD

Success!! The loan was 100% repaid

A portion of Nanci Yousaf's Group's $700 loan helped a member to buy sanitation supplies to sell.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 4, 2010
Listed
Oct 7, 2010
Currency Exchange Loss:
Possible
Ended:
Sep 15, 2011