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Parveen's Group
In this Group: Parveen , Margarette, Nasreen, Musarat, Azra, Elizabeth
Parveen is a 40-year-old married woman who lives with her family, a husband and five children. She has enrolled all of her children into school. To meet their education expenses and to support her husband financially, she operates a clothes sales business. She has had several years of experience in her business. Her clientele base is her community clients and shop owners. She buys clothes from other different cities for quality and variety: that’s why her customers approach her to buy clothes. She makes a good income every month.

Parveen has applied for a loan from Kiva partner, Asasah, for her clothes sales business. She will invest the loan in buying different varieties of clothes in bulk quantities for reselling. She is confident that she will make good sales from her business and further improve it.
Note: In the photo, the lady holding a book (called an Asasah Passbook) is Parveen.

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
  • 121
    View loans »
    Pakistan Loans Fundraising
  • $13,314,975
    Funds lent in using Kiva
  • 89.1
    Pakistan Rupees (PKR) = $1 USD

Success!! The loan was 100% repaid

A portion of Parveen's Group's $1,125 loan helped a member to buy clothes for re-selling.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 26, 2011
Listed
Jan 1, 2012
Currency Exchange Loss:
Possible
Ended:
Dec 15, 2012