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Nasreen's Group
In this Group: Nasreen , Shagufta Bibi, Zainab Bibi, Samina, Kalsoom Bibi
Nasreen has applied for a loan from Kiva partner Asasah for her sewing business. She is very talented and has a creative nature. Her work is home based. She receives orders from her neighboring customers and earns income by completing the orders on time.
She charges Pak Rupees 120 for a simple dress and Pak Rupees 180 for designer dresses. She sews dresses with perfect measurements. Her clients are very satisfied with her quality of work and they never argue with her on her charges.
With the loan investment, she will purchase a new sewing machine and threads because her old machine doesn’t produce quality work and takes a lot of time to sew a single dress.
She is hopeful that her business will be more established after investing the loan into it.

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
  • 191
    View loans »
    Pakistan Loans Fundraising
  • $13,087,975
    Funds lent in using Kiva
  • 93.9
    Pakistan Rupees (PKR) = $1 USD

Success!! The loan was 100% repaid

A portion of Nasreen's Group's $800 loan helped a member to buy a new sewing machine for her sewing business.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Jun 5, 2012
Listed
Jun 6, 2012
Currency Exchange Loss:
Possible
Ended:
Jun 17, 2013