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Shafqat's Group
In this Group: Shafqat, Fozia, Asia, Shareefan, Irshaad, Hanifaan, Zubaida, Khalida
Shafqat has applied for a loan from KIVA Partner Asasah for her husband’s mirror selling business. He sells mirrors, which are used for home decoration and household use. With the loan, he will buy mirrors for selling to his clients. He is very experienced in his business and has been operating it for many years, and Shafqat is hopeful that the loan will help him to make more profit for his business.

She is very supportive and sews clothes for her neighboring clients. She has great skills and receives regular orders every month. Her family trusts her very much and has a lot of respect for her due to her helpful nature. Shafaqt has given birth to three sons. Two of them are studying while her youngest is not of school going age yet. She is hopeful that with the improved income of her husband, she will be able to continue giving education to her children.

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

  • $3,004
    Average annual income
  • 143
    View loans »
    Pakistan Loans Fundraising
  • $13,462,325
    Funds lent in using Kiva
  • 92.9
    Pakistan Rupees (PKR) = $1 USD

Success!! The loan was 100% repaid

A portion of Shafqat's Group's $1,725 loan helped a member to buy mirrors for a mirror selling business.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 24, 2012
Listed
May 30, 2012
Currency Exchange Loss:
Possible
Ended:
May 17, 2013