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Perveen's Group
In this Group: Perveen, Nasreen Akhtar, Shamim Akhtar, Naseem Akhtar, Naseem, Shagufta Parveen
Perveen is a resident of Faisalabad, a big city in Pakistan famous for its textile industry. She lives there with her family in a 2-room brick house in the area of Mai de jughi. She moved here 17 years ago. Perveen is 45 years old, married to S. A. and has 4 children. All of them are enrolled in a local school and getting their education. Perveen is a caring woman, managing her household tasks with great responsibility by staying at home.

Perveen's husband has had a business selling scrap for the past 10 years. He provides scrap material to different factories and to other scrap dealers to earn an income for the family. Perveen has applied for a loan from Kiva's partner, Asasah, for her husband’s business. With the loan, he will purchase scrap such as used papers, plastic bottles, iron, etc. in bulk to help him complete his orders and make a good profit. Perveen is hopeful that an investment will have a good impact on the business and will earn her husband more income than before. Perveen is a regular lender with Asasah and this is her 4th loan application. In previous loan years, she has proved herself as a responsible client who never missed a single meeting and who paid her installments on time.

Note: In the photo, the woman raising her hand 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
  • 299
    View loans »
    Pakistan Loans Fundraising
  • $13,738,550
    Funds lent in using Kiva
  • 85.5
    Pakistan Rupees (PKR) = $1 USD

Success!! The loan was 100% repaid

A portion of Perveen's Group's $1,300 loan helped a member to buy scrap materials.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 1, 2011
Listed
Feb 3, 2011
Currency Exchange Loss:
Possible
Ended:
Jan 15, 2012