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Shahnaz's Group
In this Group: Shahnaz , Sajida, Sidra, Tahseen, Zarina
Shahnaz is a housewife who stays at home and does her household responsibilities. She is also a very caring mother who is bringing up her children very well.

She has applied for a loan from Kiva partner Asasah because her son wants to improve his mobile phone selling business. He has a shop in the market where he sells new and used mobile phones and mobile phone accessories. Through his shop, he offers mobile phones in different price ranges, which helps him target every kind of client. With the loan, he will buy mobile phones and mobile accessories to put in his shop to sell and earn good profits. He has been doing this business for the past six years and Shahnaz is hopeful that a loan will help him do his business better. She is a new loan applicant and this is her first loan application to Asasah.

Shahnaz lives in Kasur, which is a small city in Punjab, Pakistan known for its leather industry. She has been living there in a small two-room home in the area of Pakka Qilah for the past 10 years.

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

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
  • 211
    View loans »
    Pakistan Loans Fundraising
  • $13,141,000
    Funds lent in using Kiva
  • 84.0
    Pakistan Rupees (PKR) = $1 USD

Success!! The loan was 100% repaid

A portion of Shahnaz's Group's $1,550 loan helped a member to buy mobile phones and mobile accessories to sell.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 14, 2011
Listed
Apr 18, 2011
Currency Exchange Loss:
Possible
Ended:
Apr 15, 2012