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Farkhanda's Group
In this Group: Farkhanda , Bashiran Bibi, Rubina Bibi, Kalsoom Asghar, Abida Parveen
Farkhanda has requested a loan from Kiva partner Asasah for her sewing business. She will invest the loan to purchase a new sewing machine and threads so that she will be able to perform her work in a more efficient way and earn better income.
She is the mother of two children, one son and one daughter. Her son is three while her daughter reads at a 8th grade level.
Her husband works in a hotel earning a monthly wage. Because her husband’s income is insufficient in meeting the family's financial expenses, Farkhanda operates her business so that they both can handle their expanses and improve the living standards of their family.

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
  • 145
    View loans »
    Pakistan Loans Fundraising
  • $13,493,975
    Funds lent in using Kiva
  • 94.3
    Pakistan Rupees (PKR) = $1 USD

Success!! The loan was 100% repaid

A portion of Farkhanda's Group's $1,025 loan helped a member to buy a new sewing machine and threads for sewing business.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 14, 2012
Listed
Jun 17, 2012
Currency Exchange Loss:
Possible
Ended:
Jun 17, 2013