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Asia's Group
In this Group: Asia, Rasheeda, Hajran, Naziran, Zarina
Asia is still very active at the age of 50 and performs her household duties very well. Her husband is a cobbler by profession and makes shoes on order. He has a good number of business contacts and he supplies shoes to different shoe-selling shops and factories. Asia has given birth to a son and a daughter. Her son left his education after 10th and started working with his father in his shoe-making business. Her daughter is an embroidery expert.

She has applied for a loan from Kiva partner Asasah for the further expansion of her husband’s business. With the loan, he will buy leather, shoe polish, laces and nails in a larger quantity that will allow him to fulfill the orders on time and earn more profits. He has been operating his business for the past 10 years and Asia is hopeful that an investment will help him expand his business.

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

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
  • 273
    View loans »
    Pakistan Loans Fundraising
  • $14,708,500
    Funds lent in using Kiva
  • 86.8
    Pakistan Rupees (PKR) = $1 USD

Success!! The loan was 100% repaid

A portion of Asia's Group's $1,000 loan helped a member to buy leather, shoe polish, laces and nails for making shoes.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 26, 2011
Listed
Aug 31, 2011
Currency Exchange Loss:
Possible
Ended:
Aug 15, 2012