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Fareeda's Group
In this Group: Fareeda, Nasreen
Ms. Fareeda is 41 years old, and a very hardworking, active woman. Since 2008 she has been running her own general store in the remote area of Rawalpindi, Pakistan. Her husband is a taxi driver and their son is an intermediate student. Her son is a responsible person and wants to open a new mobile shop in the future.

Fareeda wants to help her general store grow by purchasing a variety of products to sell, like soap, shampoos, flour, rice and sugar so that she can increase her net income and savings and satisfy her clients more efficiently.

To do that, as a member of a 2-person lending group, she has requested a loan from Kiva's partner BRAC Pakistan. With the profits amount she earns, she wishes to help her son to open a new mobile shop. Fareeda dreams of the bright and successful future of her son. Best wishes for KIVA and BRAC Pakistan from her.

Note: In the picture Fareeda holds a pass book in her hand.

Additional Information

More information about this loan

BRAC Pakistan focuses its work in some of the most underdeveloped parts of Pakistan, characterized by poor infrastructure and high levels of poverty. By supporting this loan, you are enabling access to finance for borrowers living in some of Pakistan's poorest areas.

About BRAC Pakistan

BRAC Pakistan is a subsidiary of BRAC, one of the world’s largest development organizations with a focus on microfinance and economic empowerment. It offers micro-loans designed to help small businesses, very poor clients and others, in addition to health and education services. Kiva’s flexible, zero-interest capital will enable BRAC to expand its outreach in underserved regions and to women who have had no access to microfinance services.

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
  • 137
    View loans »
    Pakistan Loans Fundraising
  • $13,079,825
    Funds lent in using Kiva
  • 96.6
    Pakistan Rupees (PKR) = $1 USD

Success!! The loan was 100% repaid

A portion of Fareeda's Group's $325 loan helped a member to purchase a variety of products, like soap, shampoos, flour, rice, and sugar for her general store.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 19, 2012
Listed
Dec 4, 2012
Currency Exchange Loss:
Possible
Ended:
Oct 17, 2013