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Razia's Group
In this Group: Razia, Roote, Katherine, Iffat, Nazia, Ellas
Razia is 37 years old. Her husband operates a construction supplies business while she assists him by sewing clothes for her neighboring clients. She is very enthusiastic about her profession and tries to learn news skills. Due to her good quality work, she receives regular orders every month.

She has applied for a loan from KIVA partner Asasah for further expansion of her husband’s business. With the loan investment he will buy construction supplies in larger quantity to be able to fulfill larger orders on time. This will help him make more profits from his business.

He has been operating his business for many years and Razia is very confident that his business will have more success after investing the loan.

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
  • 138
    View loans »
    Pakistan Loans Fundraising
  • $13,292,875
    Funds lent in using Kiva
  • 92.9
    Pakistan Rupees (PKR) = $1 USD

Success!! The loan was 100% repaid

A portion of Razia's Group's $1,800 loan helped a member to buy construction supplies for construction supply 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