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Karim's Group
In this Group: Karim , Meena, Sakina, Sugran, Nusrat, Irshad , Hajra , Zubaida
Karim has applied for a loan from Kiva partner Asasah for her husband’s thread roll sales business. With the loan investment, he will buy thread rolls in bulk quantity that will allow him to fill larger orders on time and increase his income.

Karim herself is an embroidery and sewing expert who works for her neighboring clients to share the financial burden with her husband. She has given birth to two sons. Both of them are illiterate and support their father in his business.

Karim and her family are very hard working by nature and work 8-10 hours a day. She is confident about her husband’s business success as a result of this loan investment.

Additional Information

More information about this loan

Asasah offers products that are customized for its Muslim clients. This Qard Hassan product loan. also referred to as Qarz-e-Hasna (Al-Madad) in the Urdu language, is an interest free loan, usually offered to students or the very poor. For more information on Islamic microfinance, please click here.

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
  • 265
    View loans »
    Pakistan Loans Fundraising
  • $14,499,975
    Funds lent in using Kiva
  • 92.2
    Pakistan Rupees (PKR) = $1 USD

Success!! The loan was 100% repaid

A portion of Karim's Group's $1,850 loan helped a member to buy thread rolls for resale.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 24, 2012
Listed
May 29, 2012
Currency Exchange Loss:
Possible
Ended:
May 17, 2013