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Naseem's Group
In this Group: Naseem , Fatima, Zainab
Naseem is 50 years old and has given birth to three sons. She couldn’t educate them due to financial constraints. Her husband is involved in the sweetmeat business. He runs a sweetmeat shop in the market where he offers good tasty sweetmeats to his customers; that’s why his sweetmeat products earn him good profits every month.

Naseem has applied for a loan from Kiva partner Asasah for her husband’s business. With the loan, he will buy required ingredients such as milk, sugar, dried fruit and cooking oil etc to make sweetmeats in larger quantity for sale.

Naseem hopes that by investing loan money into her husband’s business her husband will be able to increase his profits. He has been in this business for the past 20 years.

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
  • 258
    View loans »
    Pakistan Loans Fundraising
  • $14,499,975
    Funds lent in using Kiva
  • 85.6
    Pakistan Rupees (PKR) = $1 USD

Success!! The loan was 100% repaid

A portion of Naseem's Group's $650 loan helped a member to buy required ingredients for sweetmeat-making business.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 25, 2011
Listed
May 29, 2011
Currency Exchange Loss:
Possible
Ended:
May 15, 2012