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Nasreen's Group
In this Group: Nasreen , Naseem Bibi, Rukhsana, Razia
Nasreen, age 49 (shown holding the Asasah Passbook in the picture), is requesting a loan for her husband's fruit vending business. Her husband, M. Y., buys fresh fruits from the fruit markets at cheap rates and then sells them in different areas of the community from his four-wheel cart. People come to buy fruits from him because of their freshness and good quality. With the loan, he will buy fresh seasonal fruits in bulk quantities and increase his sales. Nasreen is confident that this loan investment will be beneficial for her husband and for the family, and that he will be able to lift up his business successfully by increasing his sales to many more customers.

They have three sons, two of whom work. The youngest, age 15, still lives at home. The family lives in a city named Sahiwal in Pakistan. Nasreen and her husband couldn’t provide education facilities to her children due to their limited financial resources. The children left their school after completing fifth grade.

Nasreen is a regular loan user of Asasah and this is her fourth loan application. In previous loan years, she has always paid her installments on time and has never missed a 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
  • 189
    View loans »
    Pakistan Loans Fundraising
  • $13,087,975
    Funds lent in using Kiva
  • 85.6
    Pakistan Rupees (PKR) = $1 USD

Success!! The loan was 100% repaid

A portion of Nasreen's Group's $950 loan helped a member to buy fresh seasonal fruits for fruit-selling business.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 10, 2010
Listed
Nov 13, 2010
Currency Exchange Loss:
Possible
Ended:
Nov 15, 2011