Check out some available loans that are similar to this one!
Farkhanda's Group
In this Group: Farkhanda, Rasheeda, Ghafooran, Zareena
Farkhanda Q. has lived her entire life in the small city of Chichawatni, Pakistan. She is a mother of six, with three daughters and three sons. To earn living, her husband works at a factory, whereas one of her sons is a rickshaw driver. Currently, her family wants to buy an additional rickshaw, which her son plans to rent to another driver to supplement her household's present income. There are several other women in this group applying for a loan: Rasheeda B., who wants to expand her family's shop; Ghafooran B., who wants to buy a rickshaw; and Zareena B., who will invest her share of the loan to expand her family's restaurant. Altogether, they are applying for a $1,000.00 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
  • 246
    View loans »
    Pakistan Loans Fundraising
  • $13,737,225
    Funds lent in using Kiva
  • 61.2
    Pakistan Rupees (PKR) = $1 USD

Success!! The loan was 100% repaid

A portion of Farkhanda's Group's $1,000 loan helped a member to buy an additional rickshaw.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Apr 11, 2008
Listed
Mar 28, 2008
Currency Exchange Loss:
Covered
Ended:
May 15, 2009