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Perveen's Group
In this Group: Perveen , Nazeeran, Jamila, Fozia, Seema, Firdous, Ramzana
Perveen is 53 years old and a mother of three sons and a daughter. Her eldest son works while two of her remaining three children are continuing their education. Her husband is a daily wage labor and earns a low income every month. Perveen supports her husband by selling baan which is used to make a local kind of seat, called a charpaey. Baan is a thread-like product and is in high demand in the region.

She has applied for a loan from KIVA partner Asasah to further improve her business. With the loan investment she will buy baan in larger quantity that will allow her to fulfill the client orders on time and increase her profits.

She has been operating her business for the past many years and is very confident that the loan will be productive one for her.

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
  • 219
    View loans »
    Pakistan Loans Fundraising
  • $13,121,575
    Funds lent in using Kiva
  • 94.4
    Pakistan Rupees (PKR) = $1 USD

Success!! The loan was 100% repaid

A portion of Perveen's Group's $1,600 loan helped a member to buy thread (baan) for a thread-selling business.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 13, 2012
Listed
Jul 17, 2012
Currency Exchange Loss:
Possible
Ended:
Aug 8, 2013