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Nasreen's Group
In this Group: Nasreen, Kaneez, Elishbah, Yasmeen
Nasreen, a skilled seamstress for her community clients, earns a reasonable income every month which helps her to pay utility bills and her children's school fees. Her husband operates a donkey cart business, working very hard to deliver goods throughout the community.



Nasreen has applied for a loan from KIVA partner Asasah to buy a new sewing machine because her current machine has become unreliable and she is unable to meet deadlines. She is confident that by purchasing a new sewing machine she will be able to complete her orders on time and increase her sales and income.

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
  • 142
    View loans »
    Pakistan Loans Fundraising
  • $13,320,225
    Funds lent in using Kiva
  • 94.4
    Pakistan Rupees (PKR) = $1 USD

Success!! The loan was 100% repaid

A portion of Nasreen's Group's $650 loan helped a member to buy a new sewing machine for her sewing business.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 19, 2012
Listed
Jul 23, 2012
Currency Exchange Loss:
Possible
Ended:
Aug 8, 2013