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Nasreen's Group
In this Group: Nasreen , Parveen, Razia, Barkat, Zebena, Shazia
Nasreen (pictured with the book in her hands) is a 45-year-old woman who is married to M. A.. They reside in Jaranwala, which is a small city located in the Punjab province of Pakistan. Ever since her marriage, she has lived with her family in a three-room brick house. Her husband is a carpet-weaver by profession. She, meanwhile, is a housewife who does her household chores at home. She has given birth to five sons and a daughter. Her three oldest sons work in factories and receive meager incomes, while her three youngest children are receiving their education at a local school.



Nasreen is now seeking a loan from a Kiva partner, Asasah, for her husband’s business. With the loan proceeds, her husband would like to buy carpet-weaving raw materials such as thread, weaving tools, and sketches. Weaving carpets by hand is a very difficult task but A. does this job well, primarily because he knows that he needs to provide financial support for their family. Nasreen is hopeful that her husband will make good use of the loan proceeds and will be able to generate an increase in profits by weaving additional carpets. Notably, this would be her second loan from Asasah. With respect to the prior loan, she paid her installments on time and attended every meeting.

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
  • 128
    View loans »
    Pakistan Loans Fundraising
  • $13,076,175
    Funds lent in using Kiva
  • 85.9
    Pakistan Rupees (PKR) = $1 USD

Success!! The loan was 100% repaid

A portion of Nasreen's Group's $1,275 loan helped a member to purchase additional raw materials for a carpet-weaving business.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 13, 2010
Listed
Oct 25, 2010
Currency Exchange Loss:
Possible
Ended:
Oct 15, 2011