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Shameem's Group
In this Group: Shameem, Mumtaz, Suriya, Fehmida, Nasreen, Naseem
Shameem is married and is a mother of 6 children. Her 2 younger children are continuing their education while the remaining had to leave their studies due to financial constraints. They do different kinds of work to financially contribute to the family financially. Her husband is a clothes seller and operates his shop in the market.

Shameem has applied for a loan from KIVA partner Asasah for the further expansion of her husband’s business. With this loan investment he will add a larger stock and variety of clothes to his shop for the growth of his business. He has been operating this business for the past many years and Shameem is confident about his business 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

  • $4,700
    Average annual income
  • 202
    View loans »
    Pakistan Loans Fundraising
  • $14,448,675
    Funds lent in using Kiva
  • 94.3
    Pakistan Rupees (PKR) = $1 USD

Success!! The loan was 100% repaid

A portion of Shameem's Group's $875 loan helped a member to buy clothes for clothes selling business.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 12, 2012
Listed
Jun 13, 2012
Currency Exchange Loss:
Possible
Ended:
Jun 17, 2013