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Ghafooran's Group
In this Group: Ghafooran , Musarat, Ramzana, Fozia
Ghafooran lives in Gujranwala, which is located in Punjab, Pakistan, and is famous for its dairy industry. She is a housewife and prefers to stay at home. She is very active in her household responsibilities and manages them well. She lives with her family in a 3 room brick house. Her husband, M. Y., is a vegetable seller by profession. His shop is in the market, where he offers different fresh vegetables to his clients. He has been doing this business for the past 10 years.

Ghafooran has given birth to 4 sons. Her first two sons work at different jobs. The eldest son has a business of hosiery and second one works in a factory. Her two youngest sons are enrolled in a school and are getting their education.

Ghafooran has applied for a loan for the improvement of her husband’s business. With the loan, her husband will put a variety of fresh seasonal vegetables in his shop for reselling. Ghafooran is hopeful that this loan investment will be profitable for her husband’s business. She is a new loan user of Asasah and this is her first experience of taking a loan from any MFI.

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
  • $13,470,225
    Funds lent in using Kiva
  • 86.0
    Pakistan Rupees (PKR) = $1 USD

Success!! The loan was 100% repaid

A portion of Ghafooran's Group's $650 loan helped a member to buy fresh seasonal vegetables for vegetable sales business.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 6, 2010
Listed
Oct 21, 2010
Currency Exchange Loss:
Possible
Ended:
Oct 15, 2011