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Shafiqan's Group
In this Group: Shafiqan , Naseem, Allah Jeevan, Waheeda, Manzooran
Shafiqan lives in a small city in Pakistan called Pakpattan. Pakpattan is located in Punjab province of Pakistan and is famous for its sugar production. Shafiqan is a 56 year old housewife. She prefers to spend her time at home by managing the household chores and taking care of her family. She has given birth to 2 sons. Both are enrolled in a local school and are getting their education. She is a widow and lives with her brother. Her brother has a scrap business. He has been in this business for over seven years. He also contributes a part of his income to his family to support them financially.

Shafiqan has applied for a loan from Kiva partner, Asasah, for her brother’s business. With the loan amount he will buy scrap in bulk quantities to minimize the cost of purchasing and to fulfill larger orders on time. Shafiqan is hopeful that her brother will make good profits from his business after making this investment. She is a regular loan user of Asasah and this is her 2nd loan application. She is hopeful that it will bring good changes to her family’s life and that their living standard will become better.
Note: “In the photo, the lady who has holds a book (called Asasah Passbook) in her hands is Shafiqan”.

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
  • 268
    View loans »
    Pakistan Loans Fundraising
  • $14,721,100
    Funds lent in using Kiva
  • 86.0
    Pakistan Rupees (PKR) = $1 USD

Success!! The loan was 100% repaid

A portion of Shafiqan's Group's $1,350 loan helped a member to buy scrap in bulk quantities for scrap business.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 5, 2010
Listed
Oct 15, 2010
Currency Exchange Loss:
Possible
Ended:
Sep 16, 2011