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Sofia Anjum's Group
In this Group: Sofia Anjum, Razia, Gullu Baz, Maryam Bibi, Zubaida, Nusrat Bibi, Kosar, Yasmeen Bibi, Rafia , Rukhsana Kosar
Sofia Anjum has requested a loan from Kiva partner Asasah for her son’s business. He is a painter by profession, and paints walls and houses. His work is on a contract basis. People call him to paint their house and he gets good income once the contract is over. His customers are very satisfied with his good work and he has maintained a good reputation among them due to his work.

Sofia has two more children: her eldest son is a daily wage laborer while her daughter is studying in 9th standard (9th grade) and helps Sofia to manage household work after school.

Her husband is a rickshaw driver and provides transportation facilities to passengers.

With the loan investment, her son will purchase painting tools like brushes and ladders, etc. which will help him perform far better work and increase his income.

Sofia is very sure of his business success after this loan investment.

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
  • 135
    View loans »
    Pakistan Loans Fundraising
  • $13,079,825
    Funds lent in using Kiva
  • 94.5
    Pakistan Rupees (PKR) = $1 USD

Success!! The loan was 100% repaid

A portion of Sofia Anjum's Group's $2,075 loan helped a member to buy paintbrushes and ladders for her son's painting business.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 12, 2012
Listed
Jun 14, 2012
Currency Exchange Loss:
Possible
Ended:
Jun 17, 2013