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Parveen's Group
In this Group: Parveen , Zainab, Nasra, Razia, Rani, Bashiran, Bushra Parveen, Salamat, Zakra, Tahira, Tahira
Parveen is 45 years old and married with three children: one daughter and two sons. Her younger son does not work, while her first two children help their father in his business selling rolls of thread. Her husband has been involved in this profession for the last 15 years. He has full support from his family. Parveen's daughter helps her father arrange his thread and her son helps him sell them in different markets.

Parveen herself is involved in a sewing business. Her work is home-based. She collects orders from her neighboring customers and earns income after completing the orders on time.

Parveen has requested for a loan from Kiva partner Asasah for her husband’s business. He will invest the loan in buying threads in larger quantities for reselling. Parveen hopes that with this investment, his business will continue to prosper so that he can offer an even better service to his customers.

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
  • 281
    View loans »
    Pakistan Loans Fundraising
  • $14,698,775
    Funds lent in using Kiva
  • 93.5
    Pakistan Rupees (PKR) = $1 USD

Success!! The loan was 100% repaid

A portion of Parveen's Group's $2,375 loan helped a member to buy rolls of thread to sell.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 1, 2012
Listed
Jun 4, 2012
Currency Exchange Loss:
Possible
Ended:
May 17, 2013