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Farzana's Group
In this Group: Farzana , Najma Parveen, Raheela Asghar, Shahnaz, Asghari
Farzana sews clothes for neighborhood clients. She learnt this art from her mother, and now she is making full use of it to bear the financial burden of the family with her husband. She is very skillful and receives regular orders every month. She is also a very responsible housewife who manages her household work very well. Her husband's name is A., and he provides transport services to his passengers by driving a local three-wheeled vehicle called an auto rickshaw. Farzana has given birth to two daughters. Both of them are studying by attending a local school.

Farzana has applied for a loan from Kiva's partner, Asasah, for her sewing business. She will buy a new sewing machine with the loan that will help her sew clothes in a shorter period of time and fulfill her orders on time to earn more profit. Farzana is hoping that by investing loan money in her own business, she will be able to receive more orders every month and improve her income. She has been in this profession for the past 10 years.

Farzana is a new loan applicant and this is her first loan application to Asasah. She is a resident of Dhanona which is a small housing colony located in Faisalabad. Faisalabad is Pakistan’s third largest city and well known for its textile industry.

In the photo, the lady raising her hand 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
  • 158
    View loans »
    Pakistan Loans Fundraising
  • $13,432,675
    Funds lent in using Kiva
  • 84.5
    Pakistan Rupees (PKR) = $1 USD

Success!! The loan was 100% repaid

A portion of Farzana's Group's $725 loan helped a member to buy a new sewing machine for a sewing business.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 25, 2011
Listed
Apr 27, 2011
Currency Exchange Loss:
Possible
Ended:
Apr 15, 2012