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Fareeha Naz's Group
In this Group: Fareeha Naz, Zahida , Saira, Zainab, Ambreen, Mumtaz
Fareeha Naz is 32 years old. She couldn’t complete her education due to financial constraints and had to leave her education after matriculation. She is married and her husband operates a grocery store in the market. He sells daily use items such as spices, sugar, cooking oil and lentils, at reasonable rates. He is very good in his customer dealings and has a good number of loyal clients who do shopping from him regularly.

Fareeha supports her husband financially by sewing clothes. She is very skillful and receives regular orders every month. She has given birth to a son and 3 daughters. All of them are studying except the youngest daughter who is only 3 years old.

Fareeha has applied for a loan from Kiva partner Asasah for the further expansion of her husband’s business. With the loan, he will buy groceries in bulk that will allow him to fulfill his client orders on time and earn extra income. He has been operating his business for many years and Fareeha is confident that an investment will bring more profits to her family and improve its living standard.

Note: In the photo, the lady holding a book (called Asasah Passbook) is Fareeha Naz.

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
  • 194
    View loans »
    Pakistan Loans Fundraising
  • $13,521,725
    Funds lent in using Kiva
  • 86.6
    Pakistan Rupees (PKR) = $1 USD

Success!! The loan was 100% repaid

A portion of Fareeha Naz's Group's $1,525 loan helped a member to buy groceries to resell.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 14, 2011
Listed
Oct 21, 2011
Currency Exchange Loss:
Possible
Ended:
Oct 15, 2012