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Sajida's Group
In this Group: Sajida, Naseem , Mariam, Joshapeen, Shazia, Nafees
Sajida has applied for a loan from Kiva partner Asasah for her bangles selling business. She started her business five years ago to share the financial burden with her husband whose income was not enough for the whole family. She is the mother of two sons and two daughters. All of them are getting their education.

With this loan investment, Sajida will buy bangles of a larger variety and quantity that will help her make more sales and income - particularly for this coming Eid, which is a religious festival. Sajida is confident that by improving her business, she will be able to continue providing education for her children.

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
  • 146
    View loans »
    Pakistan Loans Fundraising
  • $13,462,325
    Funds lent in using Kiva
  • 94.6
    Pakistan Rupees (PKR) = $1 USD

Success!! The loan was 100% repaid

A portion of Sajida's Group's $1,225 loan helped a member to buy bangles for a bangles selling business.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 18, 2012
Listed
Jul 21, 2012
Currency Exchange Loss:
Possible
Ended:
Aug 8, 2013