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Sajida's Group
In this Group: Sajida, Fehmida, Lubna, Shabana, Zarina, Shahnaz, Shameem, Fahmida, Ameena
Sajida has applied for a loan from KIVA partner Asasah for her brother’s lathe business. He repairs spare parts and iron items with his lathe machine.

With the loan he will buy iron and steel in larger quantity, that will help him in his business. His customers are very happy with his services and Sajida is hopeful that the loan investment will help him offering better repair services to his clients, and increase his profits.

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
  • 247
    View loans »
    Pakistan Loans Fundraising
  • $14,488,825
    Funds lent in using Kiva
  • 94.5
    Pakistan Rupees (PKR) = $1 USD

Success!! The loan was 100% repaid

A portion of Sajida's Group's $1,450 loan helped a member to buy iron and steel in larger quantity.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 23, 2012
Listed
Jul 26, 2012
Currency Exchange Loss:
Possible
Ended:
Aug 8, 2013