Check out some available loans that are similar to this one!
Rashida's Group
In this Group: Rashida , Shamim, Elahi Hussain, Parveen
Rashida S. M. lives in Pakpattan, which is a small city in Pakistan known for its sugar and agriculture industry. She lives there with her family in the area of Peer Karian. She is 25 years old and married. She supports her family financially by making paranday, an ornament used to tie-back hair. She earns reasonable profits from her business, which helps her pay the utility bills. Her husband is a carpenter by profession and manufactures furniture on order. He runs a shop in the market where he fulfills the demands of his customers by making their desired furniture. He has been in this business for over six years.

Rashida has applied for a loan from Kiva partner Asasah for her husband’s business. With the loan, he will buy woods, nails, and furniture polisher in large quantities, which will enable him to manufacture furniture and earn more money. Rashida is hopeful that her husband will be able to gain maximum profits from his business after the loan investment. She is a regular loan user of Asasah and this is her fourth loan application. In previous loan years, she has maintained a good credit behavior and never missed a meeting.

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

  • $4,700
    Average annual income
  • 242
    View loans »
    Pakistan Loans Fundraising
  • $14,499,975
    Funds lent in using Kiva
  • 85.3
    Pakistan Rupees (PKR) = $1 USD

Success!! The loan was 100% repaid

A portion of Rashida's Group's $825 loan helped a member to purchase woods, nails, and polisher for furniture making business.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 14, 2011
Listed
Feb 19, 2011
Currency Exchange Loss:
Possible
Ended:
Feb 15, 2012