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Rasheedan's Group
In this Group: Rasheedan , Rasheedan, Sosan, Tahira Parveen
Rasheedan is a 52-year-old housewife who lives with her family in a three-room brick house in Faisalabad, an industrial city well known for its textile products. She is married to M. R. who has a business selling stamp papers (used for legal documentation). He has been operating this business for the past five years.

Rasheedan is the mother of two sons who work in a textile mill. Rasheedan couldn’t educate her children due to poor financial conditions – that’s why they are unable to find good jobs and work for very little income.

Rasheedan has applied for a loan from Kiva's partner, Asasah, for her husband’s business. With this loan, her husband will buy stamp papers in larger quantity for reselling. She is hopeful that her husband will get a good outcome from this loan investment and his income will improve.

Rasheedan is a regular loan user of Asasah and this is her third loan application. In previous loan years, she has paid her installments on time and never missed a meeting. In the photo, the lady who is raising her hand is Rasheedan.

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
  • 198
    View loans »
    Pakistan Loans Fundraising
  • $13,087,975
    Funds lent in using Kiva
  • 85.8
    Pakistan Rupees (PKR) = $1 USD

Success!! The loan was 100% repaid

A portion of Rasheedan's Group's $775 loan helped a member to buy stamp papers in larger quantity for reselling.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 6, 2010
Listed
Oct 20, 2010
Currency Exchange Loss:
Possible
Ended:
Oct 15, 2011