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Asghari's Group
In this Group: Asghari , Irshaad , Hina , Naseem Akhter , Manzooran
Asghari is a 56-year-old widow. Her children are young and do different jobs. She has applied for a loan from Kiva partner Asasah for her eldest son who is involved in an herbal medicine business. He not only sells herbal medicines but also makes medicines for his patients. He has been doing this business for the past nine years and has a good reputation among his patients. With the loan, he will buy herbs to be able to make medicines for his patients.

Two other sons are also herbal medicines experts and one has a shoe-making business. Her other three children stay at home and do not do anything. Asghari remains at home and does her household responsibilities. She is still very active and performs her tasks very well.

She is very confident that her son will be able to do well after the loan investment and her family will be able to enjoy better living conditions.

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
  • 160
    View loans »
    Pakistan Loans Fundraising
  • $13,278,425
    Funds lent in using Kiva
  • 86.6
    Pakistan Rupees (PKR) = $1 USD

Success!! The loan was 100% repaid

A portion of Asghari's Group's $1,175 loan helped a member to buy herbs for her son's herbal medicines business.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 27, 2011
Listed
Jul 29, 2011
Currency Exchange Loss:
Possible
Ended:
Jul 15, 2012