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Sonia's Group
In this Group: Sonia, Razia, Perveen, Shahnaz, Hina, Shameem, Maryam
Sonia is a very active lady. She is young and energetic, and has given birth to 3 children. Sonia has not started providing education to her children yet. Her husband has a bicycle repair business and he also sells bicycle spare parts to his clients at reasonable rates. He has very good technical skills in his work and his clients trust him very much.

Sonia has applied for a loan from KIVA partner Asasah for further expansion of her husband’s business. He will use the loan to buy bicycle repair tools and spare parts in larger quantities, which will help him provide better services to his clients and increase his profits. He has been operating his business for many years and Sonia is confident about his business success after investing this 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

  • $3,004
    Average annual income
  • 234
    View loans »
    Pakistan Loans Fundraising
  • $13,718,875
    Funds lent in using Kiva
  • 93.9
    Pakistan Rupees (PKR) = $1 USD

Success!! The loan was 100% repaid

A portion of Sonia's Group's $1,400 loan helped a member to buy repair tools and spare parts.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 20, 2012
Listed
Jun 22, 2012
Currency Exchange Loss:
Possible
Ended:
Jun 17, 2013