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Perveen's Group
In this Group: Perveen, Suraiya, Khursheeda, Kaniz
Perveen is a housewife who prefers to stay at home and take care of her household responsibilities. She has given birth to 3 sons and a daughter. Perveen knows the importance of education, so that’s why she has enrolled all of her children in a school so they get an education and make their future bright.

She has applied for a loan from Kiva partner Asasah to financially assist her husband who runs an electrician business and is the only breadwinner in the family. He offers his services, which include electricity repair, electricity installation, wiring, etc., at reasonable rates. With the loan, he will buy advanced repair tools.

Perveen is hopeful that, through the loan investment, her husband will be able to get more profits from his business by improving the quality of his services with advanced tools.

She is regular loan user of Asasah and this is her second loan application. In a previous loan year, she established a good credit record by paying the installments on time. She lives in Okara, which is a small city in Punjab, Pakistan known for its agricultural industry.

Note: In the photo, the lady with a book (an Asasah Passbook) is Perveen.

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
  • 198
    View loans »
    Pakistan Loans Fundraising
  • $13,095,175
    Funds lent in using Kiva
  • 85.8
    Pakistan Rupees (PKR) = $1 USD

Success!! The loan was 100% repaid

A portion of Perveen's Group's $950 loan helped a member to buy advanced repair tools for electrician business.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 19, 2011
Listed
Jan 22, 2011
Currency Exchange Loss:
Possible
Ended:
Jan 15, 2012