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Farzana's Group
In this Group: Farzana, Nasreen, Nusrat, Fazilat, Nasreen
Farzana has applied for a loan from Kiva partner Asasah to expand her beauty salon business. She is 37 years old and married to N. M., who is a security guard earning a low income. Farzana started a beauty salon business to financially support her husband. Now her business is well established and she has a good number of clients in her community. She lives with her family in a city Gujranwala which is located in Punjab Pakistan and famous for its rice industry. Her home is located in Kalar Abadi which is a small residential area of the city and contains 2 rooms. She is the mother of 4 sons and 2 daughters. All of them are enrolled in a local school and are getting their education except the youngest one who is only 3 years old.

Farzana started this business 11 years ago and she is confident that the loan investment will bring positive changes to her business. She will invest the loan in buying beauty products like facial creams, mascaras, eye shadows etc. She is a regular loan user of Asasah and this is her 5th loan application. In previous loan years, she has always attended every meeting and paid her installments on timely basis.

Note: In the photo, the lady holding a book (called Asasah Passbook) is Farzana.

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
  • 137
    View loans »
    Pakistan Loans Fundraising
  • $13,493,975
    Funds lent in using Kiva
  • 85.0
    Pakistan Rupees (PKR) = $1 USD

Success!! The loan was 100% repaid

A portion of Farzana's Group's $900 loan helped a member to buy beauty products for a beauty salon business.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 10, 2011
Listed
Feb 17, 2011
Currency Exchange Loss:
Possible
Ended:
Feb 15, 2012