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Firdous' Group
In this Group: Firdous, Rabia, Robina, Naheed, Perveen, Robina, Farzana, Azra, Yasmeen, Uzma, Saeeda, Naveeda, Fozia, Shameem, Shahnaz, Shabana
Firdous has requested for a loan from Kiva partner Asasah for her husband, who earns a living by making covers for sofas. She is requesting a loan to buy the cloth he needs to make better-quality and more durable sofa covers for his clients. He wants to do this because it will help him get more orders and increase his sales and income. Firdous is a housewife who stays at home to do her household chores. She is the mother of six children, five boys and one daughter. Her oldest son works while three of her other children are in school. She hopes that as a result of her husband’s business improvement, her children will be able to continue their education.

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

  • $4,700
    Average annual income
  • 290
    View loans »
    Pakistan Loans Fundraising
  • $14,521,250
    Funds lent in using Kiva
  • 94.4
    Pakistan Rupees (PKR) = $1 USD

Success!! The loan was 100% repaid

A portion of Firdous' Group's $3,150 loan helped a member to buy materials for a sofa-covering business.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 20, 2012
Listed
Jul 24, 2012
Currency Exchange Loss:
Possible
Ended:
Aug 8, 2013