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Razia's Group
In this Group: Razia , Suraiya Parveen, Suraiya , Zahida Parveen, Parveen Akhtar
Razia has applied for a loan from Kiva partner, Asasah, for the further expansion of her pranda-making business. Prandas are used to tie women’s hair and are a very famous product. With the loan investment, she will buy required materials like colored thread and beads in larger quantity and of better quality. That will allow her to make prandas in larger quantity and to make more profits from her business.

She is very experienced in her business and has been operating it for the past many years. She is very hopeful that a loan investment will be more productive for her.

Her husband is illiterate and operates a food stall in the community market, where he sells nan chanay (a famous dish made with chick-peas and served with bread). The taste of his dish is very good and he makes good money from his business.

Razia is the mother of an 18-year-old son who has studied until eighth grade and currently remains at home.

She is very hopeful about her family’s better future as a result of 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

  • $3,004
    Average annual income
  • 160
    View loans »
    Pakistan Loans Fundraising
  • $13,470,225
    Funds lent in using Kiva
  • 90.6
    Pakistan Rupees (PKR) = $1 USD

Success!! The loan was 100% repaid

A portion of Razia's Group's $1,125 loan helped a member to buy required materials for her pranda-making business.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 19, 2012
Listed
May 2, 2012
Currency Exchange Loss:
Possible
Ended:
Apr 17, 2013