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Siddiqan's Group
In this Group: Siddiqan, Shabana Mubarik, Noreen, Saima, Surriya Katherine, Zubaida, Samina, Shameem Akhter, Farah Aslam
Siddiqan is married and has no children. She is 53 years old and operates a grocery store from her home to financially support her husband, who works for the city's Municipal Corporation. At her shop, Siddiqan sells everyday household items such as spices, salt, soaps, cooking oil, and sugar at low prices. Her clients are very satisfied with her good-quality products and service. Along with running her business, she also performs her household duties very well.

Siddiqan is requesting a loan from Kiva partner Asasah for the further expansion of her business. With the loan investment, she will purchase grocery products in bulk quantities, which will allow her to fulfill the needs of her community clients and increase her sales and profits. She is very new to her business, having started it last year. She is confident that a loan will help her become established in her business.

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

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
  • 287
    View loans »
    Pakistan Loans Fundraising
  • $13,738,325
    Funds lent in using Kiva
  • 87.1
    Pakistan Rupees (PKR) = $1 USD

Success!! The loan was 100% repaid

A portion of Siddiqan's Group's $1,900 loan helped a member to buy products for her grocery business.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 22, 2011
Listed
Dec 1, 2011
Currency Exchange Loss:
Possible
Ended:
Nov 15, 2012