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Nasim's Group
In this Group: Nasim , Nazran, Safina Bibi, Tahira Bibi, Asia, Anayat, Nazia, Zarina
Nasim is a housewife who stays at home and does her household work. She is 48 years old but is still very active and does her work very well. She is married to M. I. who has a business selling clothes. He purchases clothes from wholesale markets of Lahore called "Ichra" & "Shahalmi” and sells to his local area clients at a profit.

Nasim has given birth to 2 sons. Her elder son operates a thread-selling business while the younger one stays at home. He is 18 years old and illiterate. Nasim couldn’t provide education for her children due to poor financial conditions.

She has applied for a loan from Kiva partner Asasah for her elder son’s business. With the loan, he will buy thread in bulk quantity to improve his sales. Nasim is hopeful that an investment will help her son to improve his business on a large scale and increase his income as well.

She is a regular loan user of Asasah and this is her 6th loan application. In previous loan years, she has maintained a good credit history 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
  • 211
    View loans »
    Pakistan Loans Fundraising
  • $13,141,000
    Funds lent in using Kiva
  • 85.5
    Pakistan Rupees (PKR) = $1 USD

Success!! The loan was 100% repaid

A portion of Nasim's Group's $1,825 loan helped a member to buy thread for thread-selling business.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 15, 2010
Listed
Nov 17, 2010
Currency Exchange Loss:
Possible
Ended:
Nov 15, 2011