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Asia's Group
In this Group: Asia, Sakian, Rashidan, Naziran, Hajra
Asia B. is a 50 year old lady. Her husband's name is D. M.. She is a mother of one son. D. M. is the breadwinner of her family. Due to lots of responsibilities he couldn’t give his son a better education. Asia B. wants to apply for a loan for her husband, who wants to run his grocery shop.


She has been joined in her loan group by a few more members named Sakian, Rashidan, Naziran and Hajra who also want a loan to buy a buffalo.


This is a group loan. The loan funds will be distributed among the group members, each of whom will invest in her own business. The members mutually guarantee one another's loans. If one member does not repay, the other members are responsible.

Additional Information

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
  • 150
    View loans »
    Pakistan Loans Fundraising
  • $13,079,825
    Funds lent in using Kiva
  • 69.2
    Pakistan Rupees (PKR) = $1 USD

Success!! The loan was 100% repaid

A portion of Asia's Group's $675 loan helped a member facilitate businesses.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Jun 19, 2008
Listed
May 31, 2008
Currency Exchange Loss:
Covered
Ended:
Jul 15, 2009