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Batool's Group
In this Group: Batool, Rakshanda, Sajida, Naseem, Iram
Batool runs a clothing business from her home. She knows about the latest trends in fashion and offers a good variety of clothes to her clients for very reasonable prices. Her husband runs a grocery store business in the market. Batool has two daughters and a son. Her elder daughter is a school teacher while the other remains at home.


Batool has applied for a loan from KIVA partner Asasah for her son, who runs an auto repair workshop business. With the loan proceeds investment, he will buy tools and spare parts to offer better quality auto repair services to his clients. He has great technical skills, and his clients are very pleased with his services. Batool is confident that the loan will bring positive changes to his business and will 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

  • $4,700
    Average annual income
  • 259
    View loans »
    Pakistan Loans Fundraising
  • $14,499,975
    Funds lent in using Kiva
  • 94.1
    Pakistan Rupees (PKR) = $1 USD

Success!! The loan was 100% repaid

A portion of Batool's Group's $925 loan helped a member to buy tools and spare parts for an auto repair workshop business.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 10, 2012
Listed
Jul 12, 2012
Currency Exchange Loss:
Possible
Ended:
Aug 8, 2013