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Kaneez's Group
In this Group: Kaneez, Shareefan, Rashidaan, Kaneez, Yasmeen, Latifaan, Sadia
Kaneez is an expert in embroidery and sewing. She loves her work and works full-time in order to financially support her family. Her customers are very happy with the quality of her work and give her regular orders every time. She has given birth to four sons and three daughters. Two of the children study while three work in the hosiery business. Her elder daughter stays at home and helps Kaneez with household tasks. Her eldest son is a driver by profession and provides transport services to his passengers.
Kaneez's husband is a scrap dealer and supplies scrap to different factories and other dealers in the city. Kaneez has applied for a loan from Kiva partner Asasah for the further expansion of her husband’s scrap business. With the loan investment, he will buy scrap in bulk to be able to fulfill the needs of his customers and increase his income. He is very experienced in his business and has been operating it for many years. Kaneez is hopeful that his business will become a more profitable one after investment.
In the photo, the lady holding the book (called an Asasah Passbook) is Kaneez.

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
  • 274
    View loans »
    Pakistan Loans Fundraising
  • $14,699,975
    Funds lent in using Kiva
  • 89.6
    Pakistan Rupees (PKR) = $1 USD

Success!! The loan was 100% repaid

A portion of Kaneez's Group's $1,575 loan helped a member to buy scrap in bulk for scrap selling business.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 16, 2011
Listed
Jan 1, 2012
Currency Exchange Loss:
Possible
Ended:
Dec 15, 2012