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Sonia's Group
In this Group: Sonia, Samina, Irshaad, Muafia, Salma, Samia
Sonia has applied for a loan from KIVA partner Asasah for her sweater-making and selling business. With the loan investment, she will buy wool in bulk to make better-quality sweaters and make more sales and income. She is very experienced in her business and has been operating it for the past many years. She is confident that her business will grow further by investing the loan.

Her husband is a laborer by profession. He is illiterate and couldn’t find a suitable job. The income he earns through his profession is not guaranteed because sometimes he doesn’t get any work. This was the reason that Sonia started her business. She is confident her business will succeed after the loan investment.

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
  • 216
    View loans »
    Pakistan Loans Fundraising
  • $14,463,475
    Funds lent in using Kiva
  • 90.4
    Pakistan Rupees (PKR) = $1 USD

Success!! The loan was 100% repaid

A portion of Sonia's Group's $1,350 loan helped a member to buy wool and other material for her sweater-making business.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 1, 2012
Listed
Mar 1, 2012
Currency Exchange Loss:
Possible
Ended:
Jan 15, 2013