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Latifaan's Group
In this Group: Latifaan, Shahnaz, Shakila Fatima, Salma, Bashiraan
Latifaan is a housewife and also a working lady. She supports her husband in his shoe making business. Shoe making is her family business and her husband and her five children all work collectively to afford their living expenses.

Her children are also continuing their education. In the morning they go to a nearby school and only help their father in his business after returning from school.

Latifaan has applied for a loan from Kiva partner Asasah for the further improvement of her family business. With the loan investment he will buy leather and shoe laces for preparing a larger quantity of shoes that will help him fulfil his larger orders on time and increase his profits.

He has been operating his business for many years and Latifaan is very hopeful that an investment will be productive for him.

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
  • 272
    View loans »
    Pakistan Loans Fundraising
  • $14,717,025
    Funds lent in using Kiva
  • 87.9
    Pakistan Rupees (PKR) = $1 USD

Success!! The loan was 100% repaid

A portion of Latifaan's Group's $1,325 loan helped a member to buy leather and shoe laces for her shoe making business.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 25, 2011
Listed
Dec 1, 2011
Currency Exchange Loss:
Possible
Ended:
Nov 15, 2012