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Safooran's Group
In this Group: Safooran , Mansab Mai, Kosar
Safooran lives in Khanewal, which is a small city of Punjab, Pakistan, known for its agricultural industry. She is 48 years old and has three sons and two daughters. She couldn’t provide an education to her children due to the poor financial conditions of her family.

Her eldest son has a barber shop and the next to him is a welder by profession and welds different machines on order. Her husband, F. S., is a laborer by profession. He is a very hard worker and his work involves a lot of physical energy. He is still very active at the age of 55.

Safooran has applied for a loan from Kiva partner Asasah for her son’s barber shop. With the loan, her son will buy scissors and hair-related products such as creams, gels and colors to provide better services to the clients. He has been doing this business for the past four years and Safooran is hopeful that this investment will prove successful for his business.

She is a regular loan user of Asasah and this is her third loan application. In previous years, she has proved herself as a very responsible client who paid her installments on time and never missed any meetings.

Note: In the photo, the lady who is holding a book (called the Asasah Passbook) in her hands is Safooran.

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
  • 152
    View loans »
    Pakistan Loans Fundraising
  • $13,288,575
    Funds lent in using Kiva
  • 86.0
    Pakistan Rupees (PKR) = $1 USD

Success!! The loan was 100% repaid

A portion of Safooran's Group's $650 loan helped a member to buy hair-related products and scissors for a barber shop.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 12, 2010
Listed
Oct 24, 2010
Currency Exchange Loss:
Possible
Ended:
Oct 15, 2011