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Elas' Group
In this Group: Elas, Sajida, Nazeeran, Sonia, Rani, Nazia, Robina, Kosar
Elas is 59 years old, married and the mother of a son. Her son is a painter by profession and paints houses and buildings. Her husband works in the Municipal Corporation while Elas runs a sweets and toffee shop from her home. She has applied for a loan from KIVA partner Asasah for further expansion of her business. With the loan proceeds, she will buy sweets and toffees in larger quantities to offer more to her community clients, who are mainly children, and to increase her sales and profits. Elas is very confident of the future success of her business after she invests the loan proceeds in it.

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

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
  • 371
    View loans »
    Pakistan Loans Fundraising
  • $15,689,950
    Funds lent in using Kiva
  • 94.1
    Pakistan Rupees (PKR) = $1 USD

Success!! The loan was 100% repaid

A portion of Elas' Group's $1,825 loan helped a member to buy sweets and toffees for her sweet shop business.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Jul 10, 2012
Jul 12, 2012
Currency Exchange Loss:
Aug 8, 2013