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Nagina's Group
In this Group: Nagina, Mussarat, Ayesha, Kubra, Perveen, Shahzadi, Nazeeran, Perveen, Sakina, Anila, Rani
Nagina has applied for a loan from Kiva partner Asasah for her husband who is an embroidery expert.

With the loan investment he will buy beads, thread, embroidery frames of better variety and of larger quantity that will allow him to prepare beautiful looking clothes and increase his orders and income.

He has been in this business for many years and has a good number of business contacts from whom he gets regular orders every month.

Nagina is confident that a Kiva loan will help him move his business to a more profitable level and increase his 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
  • 156
    View loans »
    Pakistan Loans Fundraising
  • $13,278,425
    Funds lent in using Kiva
  • 94.4
    Pakistan Rupees (PKR) = $1 USD

Success!! The loan was 100% repaid

A portion of Nagina's Group's $2,350 loan helped a member to buy embroidery material for an embroidery 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