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Allah Rakhi's Group
In this Group: Allah Rakhi, Munnaza, Ubaida, Seema, Elas, Perveen, Hanifa, Khursheed
Allah Rakhi is married and is 52 years of age. Her husband is a welder by profession and provides welding services (which include repairing of iron and steel items) to his clients.

Allah Rakhi has given birth to 4 sons. All of them are attached to different kinds of work and contribute financially to the family.
She has applied for a loan from KIVA partner, Asasah, for further expansion of her husband’s business. With the loan investment, he will buy iron and will also repair his welding machine. This will help him to provide better quality services to his clients and increase his profits.

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

  • $3,004
    Average annual income
  • 156
    View loans »
    Pakistan Loans Fundraising
  • $13,432,675
    Funds lent in using Kiva
  • 94.3
    Pakistan Rupees (PKR) = $1 USD

Success!! The loan was 100% repaid

A portion of Allah Rakhi's Group's $1,875 loan helped a member to buy iron for welding business.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 6, 2012
Listed
Jul 10, 2012
Currency Exchange Loss:
Possible
Ended:
Aug 8, 2013