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Farhat's Group
In this Group: Farhat , Ishrat Bibi, Umza, Rubina Mai, Farzana
Farhat lives in a city called Multan, which is the fourth largest city of Pakistan. She lives there in a two-room brick house with her family, in the area called Muhallah Rahimabad. She has two children. Both of them are very young and have not started to attend school yet. Farhat is a businesswoman who operates a clothes-selling business. She started this business few years ago to financially support her husband. She buys clothes from the wholesale markets of Multan and sells them to her local area clients for good profit.

Farhat has applied for a loan from Kiva partner Asasah for her clothing business. She will utilize the loan to purchase clothes of different varieties in bulk quantity. That will make her able to increase her household income by increasing her sales. She is a new loan applicant of Asasah and hopes it will be a profitable experience for her.

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
  • 207
    View loans »
    Pakistan Loans Fundraising
  • $13,144,600
    Funds lent in using Kiva
  • 85.8
    Pakistan Rupees (PKR) = $1 USD

Success!! The loan was 100% repaid

A portion of Farhat's Group's $850 loan helped a member to buy clothes for clothing business.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 25, 2010
Listed
Dec 1, 2010
Currency Exchange Loss:
Possible
Ended:
Nov 15, 2011