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Naseem Bibi's Group
In this Group: Naseem Bibi, Ghulam Fatima, Shahida, Parveen Akhtar
Naseem bibi is illiterate and has spent most of her life in difficult financial circumstances. That is why she couldn’t provide education facilities to all of her children but now, with the financial support of her 3 oldest children, she is able to send her 2 younger children to school. Both of them are studying in 6th grade.
She is a widow and lives with her children. She is a very caring mother and has worked very hard to raise her children after the sudden death of her husband.
She has applied for a loan from Kiva partner Asasah for her son who has a business making sofa covers. With the loan, he will buy cloth, foam and thread to make better quality sofa covers.
He has been operating his business for many years and Naseem is very confident that, after investment, he will be able to grow his business and increase his profits.
Note: “In the photo, the lady raising her hand is Naseem bibi”.

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
  • 218
    View loans »
    Pakistan Loans Fundraising
  • $13,684,800
    Funds lent in using Kiva
  • 86.6
    Pakistan Rupees (PKR) = $1 USD

Success!! The loan was 100% repaid

A portion of Naseem Bibi's Group's $1,225 loan helped a member to buy cloth, thread and foam to make sofa covers.
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