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Noreen's Group
In this Group: Noreen, Tanvir, Shameem, Shazia, Naseem
Noreen is a mother of 5 daughters and a son. Four of the children are studying. She is a housewife, sews clothes for her neighboring clients and earns income for her family. She also sells a different variety of clothes to her neighboring clients. She purchases these at wholesale prices. Her eldest daughter does sewing as well, and supports her in finishing the client orders on time. Her husband is a driver by profession and provides transportation services to his passengers.

Noreen has applied for a loan from KIVA partner, Asasah, for her clothes business. With the loan investment, she will purchase clothes in bulk quantity. That will allow her to target more clients and increase her sales and profits. She is very experienced in her work and has been operating it for the past many years. She is confident that her business will improve further after making use of the loan.

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
  • 143
    View loans »
    Pakistan Loans Fundraising
  • $13,462,325
    Funds lent in using Kiva
  • 90.9
    Pakistan Rupees (PKR) = $1 USD

Success!! The loan was 100% repaid

A portion of Noreen's Group's $900 loan helped a member to buy clothes for clothes business.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 21, 2012
Listed
Mar 3, 2012
Currency Exchange Loss:
Possible
Ended:
Feb 15, 2013