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Nazia Sakhi's Group
In this Group: Nazia Sakhi, Razia, Rani, Perveen, Muniran, Rukhsana, Irshaad, Khalida, Naseem, Surriya, Majeedan, Razia
Nazia Sakhi is a 29-year-old married woman living in Arifwala, Pakistan. The total number in her family is six, including her four children, one daughter and three sons. They all are schooling. Her husband is a salesman and has been selling crockery for the past many years. He is the only breadwinner of the family.

Now he has planned to expand his business, for which Nazia has applied for a loan from the Asasah field partner of KIVA in Pakistan. The objective to get the loan is to purchase business supplies in larger quantity. That will make a good impact on the purchase price because of the large quantity of stock, and will generate more sales as well.

Nazia is confident that this loan will help them in profitable business expansion, and Nazia will be able to continue her children's education and meet family expenses.

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
  • 216
    View loans »
    Pakistan Loans Fundraising
  • $14,463,475
    Funds lent in using Kiva
  • 95.4
    Pakistan Rupees (PKR) = $1 USD
Expired
A portion of Nazia Sakhi's Group's $1,950 loan helped a member to buy crockery sets for selling at a profit.
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 22, 2012
Listed
Nov 3, 2012
Currency Exchange Loss:
Possible
Expired:
Dec 3, 2012