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Maryam's Group
In this Group: Maryam , Fatima Bibi, Ayesha Bibi, Parveen Bibi, Zarqa Kareem
Maryam is a 43-year-old widow. Her husband died a few years ago leaving her alone with 2 children. Maryam never lost hope and worked very hard to raise her children. Due to poor financial conditions, she couldn’t educate her youngest son. Only her eldest son is able to continue his studies and studying in 12th standard. Her nephew also lives with her and operates a Punjabi food restaurant through which he sells a variety of food to his customers.

Maryam is a seamstress, sewing clothes for her neighboring clients. She is very skillful and receives a good number of orders every month.
She has applied for a loan from Kiva partner Asasah for the further expansion of her sewing business. With the loan, she will buy a new sewing machine that will allow her to complete orders on time and earn more profit.

She is confident that after the loan investment, she will be able to increase her income and provide better living facilities to her family.

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
  • 277
    View loans »
    Pakistan Loans Fundraising
  • $14,699,975
    Funds lent in using Kiva
  • 86.1
    Pakistan Rupees (PKR) = $1 USD

Success!! The loan was 100% repaid

A portion of Maryam's Group's $1,650 loan helped a member to buy a new sewing machine for expansion of her sewing business.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Nov 2, 2011
Listed
Nov 13, 2011
Currency Exchange Loss:
Possible
Ended:
Oct 15, 2012