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Hamida's Group
In this Group: Hamida, Razia, Asma, Kishwer, Nasira, Akhtari, Fouzia, Naseem Kousar, Robina, Bushra, Abida
Hamida has applied for a loan from KIVA's partner, Asasah, for her carpet weaving business. She learned this art from her mother and now she has become very skilful in her work and receives a good number of orders regularly. With this loan investment, she will buy wool, thread and other raw materials for making better quality carpets and increasing her income.

Hamida's husband and her only daughter also work in the family business of carpet weaving. Hamida has been operating her business for many years and is confident that an investment will help make it more profitable.

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

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
  • 156
    View loans »
    Pakistan Loans Fundraising
  • $13,278,425
    Funds lent in using Kiva
  • 89.9
    Pakistan Rupees (PKR) = $1 USD

Success!! The loan was 100% repaid

A portion of Hamida's Group's $2,250 loan helped a member to buy wool and thread for her carpet weaving business.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 27, 2011
Listed
Jan 1, 2012
Currency Exchange Loss:
Possible
Ended:
Dec 15, 2012