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Parveen's Group
In this Group: Parveen, Aasma , Shehnaz
Parveen, a 51-year-old hard working woman, lives in Pakistan with her husband, two sons, and three daughters. Her husband works in a school as a cleaner. One son works at a service station. One daughter is a schoolteacher.

Parveen herself is a tailor, and she wants to generate more income by purchasing a new sewing machine and some tailoring materials like threads, needles etc.

Parveen is a member of a three-person group and has requested a loan from Kiva's partner BRAC Pakistan to purchase needed items so that she can satisfy the needs of her clients more professionally and efficiently. She hopes, with the help of the loan, to reach her desired net income and be able to save for their future.

Note: In the picture, Parveen holds a passbook 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

  • $4,700
    Average annual income
  • 208
    View loans »
    Pakistan Loans Fundraising
  • $14,448,675
    Funds lent in using Kiva
  • 97.4
    Pakistan Rupees (PKR) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A portion of Parveen's Group's $550 loan helped a member to purchase a new sewing machine, threads, needles etc.
99% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 20, 2012
Listed
Dec 22, 2012
Currency Exchange Loss:
Possible
Ended:
Nov 17, 2013