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Bano's Group
In this Group: Bano, Sughran , Shahnaz , Safia
Bano (pictured holding the Asasah Passbook) is a talented lady who operates an embroidery business at her home in order to financially support her family. She learned this art from her mother and is now earning money from her skill. She is also a caring homemaker who manages the household chores and takes care of the family. She has given birth to four children. Her elder son is involved in manufacturing glass items like tables, mirrors, and windows while her other children are enrolled in school and getting their education.

Her husband’s name is M. T. and he is a cobbler by profession. He makes shoes on orders received from different shoe factories and shoe shops. He has a shop in the market from which he offers his shoemaking services.

Bano has applied for a loan from Kiva partner Asasah to financially assist her husband in his shoemaking business. With the loan, he will buy leather, nails, and shoe polish in larger quantities in order to make shoes in bulk so that he can fulfill his orders on time and increase his income. He has been engaged in his business for past seven years and Bano is hopeful that her husband’s business will improve further after this loan investment.

She is a new loan applicant of Asasah and hopes that it will be a good 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
  • 200
    View loans »
    Pakistan Loans Fundraising
  • $13,658,475
    Funds lent in using Kiva
  • 85.8
    Pakistan Rupees (PKR) = $1 USD

Success!! The loan was 100% repaid

A portion of Bano's Group's $650 loan helped a member to buy leather, nails, and shoe polish for shoemaking business.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 27, 2010
Listed
Dec 1, 2010
Currency Exchange Loss:
Possible
Ended:
Nov 15, 2011