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Yasmeen's Group
In this Group: Yasmeen, Sakina, Allah Rakhi, Anjala, Rukhsana , Shakeela, Naseem
Yasmeen has applied for a loan from Kiva partner Asasah to improve her husband’s laundry business. He will utilize the loan money to buy an iron and clothes-washing material such as Surf, bleach powder, washing soaps, etc., for the improvement of his laundry business.

Yasmeen comes from Faisalabad which is an industrial city of Pakistan and famous for its textile industry. She lives there in a 2-room brick house in the area of Mariam Abad where she moved 10 years ago with her family. She has two sons. Both of them are illiterate and couldn’t get education due to financial constraints.

Yasmeen is a very good mother and housewife. She takes care of her family very well by fulfilling their needs on time. Her husband has three years of experience in his business and Yasmeen is hopeful that an investment will prove beneficial for the future growth of his business.

She is a new loan user and this is her first loan application to Asasah.

Note: In the photo, the lady raising her hand is Yasmeen”.

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
  • 213
    View loans »
    Pakistan Loans Fundraising
  • $13,144,825
    Funds lent in using Kiva
  • 84.2
    Pakistan Rupees (PKR) = $1 USD

Success!! The loan was 100% repaid

A portion of Yasmeen's Group's $1,575 loan helped a member to buy an iron and clothes-washing material for laundry business.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 14, 2011
Listed
Apr 19, 2011
Currency Exchange Loss:
Possible
Ended:
Apr 15, 2012