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Rukhsana's Group
In this Group: Rukhsana, Anweri, Kubra, Farzana, Nasreen
I am Rukhsana M. A. from Multan, Pakistan, a city famous for its handicrafts. I have six kids: four girls and two boys. I am borrowing for the first time from Asasah, a microfinance institute. I sell bangles and I am borrowing to expand my sales. Wedding season has just started and my sales will double, so please lend to me immediately so that I can respond to this increased demand. There are four other women in my loan group. Anweri is borrowing to fix her husband’s rickshaw. Kubra is a widow and needs this loan for her grocery store. Farzana K.'s husband supplies grocery items to various shops in the city. Nasreen’s son operates a ready-made garments business.

This is a group loan. The loan funds will be distributed among the group members, each of whom will invest in her own business.

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
  • 215
    View loans »
    Pakistan Loans Fundraising
  • $13,112,425
    Funds lent in using Kiva
  • 61.2
    Pakistan Rupees (PKR) = $1 USD

Success!! The loan was 100% repaid

A portion of Rukhsana's Group's $1,000 loan helped a member buy bangles in bulk for the wedding season.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Mar 18, 2008
Listed
Mar 3, 2008
Currency Exchange Loss:
Covered
Ended:
Apr 15, 2009