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Hameedan's Group
In this Group: Hameedan, Sakina, Sattar, Perveen, Mussarat
Hameedan has requested a loan from Kiva partner Asasah for further expansion of her husband’s furniture showroom. With the loan, he will put a larger variety of furniture in his showroom, which will help him make more sales and earn more income. He has been operating his business for many years and Hameedan is confident about his business success after investing the loan.

Hameedan also works and sews clothes for her neighboring clients. She learned this art before her marriage and now she makes full use of her skills to earn additional income for her family. She has given birth to six children, three of whom work while others stay at home.

Hameedan never complains about her poor financial conditions and works very hard to improve her family’s situation with her efforts. She is confident about her family’s bright future.

Note: In the photo, the lady holding a book called Asasah Passbook is Hameedan.

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
  • 192
    View loans »
    Pakistan Loans Fundraising
  • $13,654,625
    Funds lent in using Kiva
  • 94.1
    Pakistan Rupees (PKR) = $1 USD

Success!! The loan was 100% repaid

A portion of Hameedan's Group's $1,025 loan helped a member to buy furniture for her husband's furniture selling business.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 15, 2012
Listed
Jun 18, 2012
Currency Exchange Loss:
Possible
Ended:
Jun 17, 2013