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Nasreen's Group
In this Group: Nasreen, Kiran, Samina, Perveen, Razia, Saba
Nasreen is a housewife and remains at her home to carry out her household responsibilities. She has a 26-year-old daughter who helps her in her daily tasks. Her husband has a business of selling spare parts. He also provides spare parts repair services to his clients. He has great technical skills and knows his industry very well.

Nasreen has applied for a loan from Kiva partner Asasah for further expansion of her husband’s business. With the loan, he will buy spare parts and tools in larger quantity that will allow him to improve his sales and income. Nasreen has a lot of confidence in her husband that he will successfully be able to improve his business after investing the loan.

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
  • 112
    View loans »
    Pakistan Loans Fundraising
  • $13,297,575
    Funds lent in using Kiva
  • 94.6
    Pakistan Rupees (PKR) = $1 USD

Success!! The loan was 100% repaid

A portion of Nasreen's Group's $1,075 loan helped a member to buy spare parts and tools for her husband's business.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 17, 2012
Listed
Jul 20, 2012
Currency Exchange Loss:
Possible
Ended:
Aug 8, 2013