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Mussarat's Group
In this Group: Mussarat, Rabia, Razia, Aasia, Saher
Mussarat has applied for a loan from KIVA partner Asasah for her husband’s sewing machine manufacturing business. He has great technical skills and his sewing machines have high demand in the market. With the loan investment he will buy sewing machine spare parts in bulk quantity. This will help him complete larger orders on time and increase his profits. He has been operating his business for the past many years and Mussarat is very hopeful that the KIVA loan will be a more productive one for him.

Additional Information

More information about this loan

Asasah offers products that are customized for its Muslim clients. This Murabaha loan is structured as an interest free loan. Asasah purchases goods for its borrower and charges them a markup or fee. 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
  • 253
    View loans »
    Pakistan Loans Fundraising
  • $14,728,150
    Funds lent in using Kiva
  • 94.6
    Pakistan Rupees (PKR) = $1 USD

Success!! The loan was 100% repaid

A portion of Mussarat's Group's $1,275 loan helped a member to buy sewing machine spare parts for her husband's sewing machine manufacturing business.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 2, 2012
Listed
Jul 7, 2012
Currency Exchange Loss:
Possible
Ended:
Jun 17, 2013