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Raeesa's Group
In this Group: Raeesa, Farzana, Robina, Parveen, Naeem, Abida, Sajida
Raeesa is a very hardworking housewife. She lives with her husband, daughter, and son in Punjab, Pakistan.

Since 2007, her husband has had been running his own general store, and he works very hard to meet his family needs. He needs additional capital for the growth of his business. His wife Raeesa is a member of seven-person lending group, and she has requested a loan from Kiva's partner BRAC Pakistan.

With the loan money, her husband can purchase a variety of goods for his general store like sugar, flour, rice, biscuits, etc., to satisfy his clients more professionally, as well as to increase his savings for the better future of his children.

Raeesa and her husband are very hopeful that the loan will be a lucky and productive one for their family.

Note: In the picture, Raeesa carrying 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

  • $3,004
    Average annual income
  • 146
    View loans »
    Pakistan Loans Fundraising
  • $13,462,325
    Funds lent in using Kiva
  • 97.3
    Pakistan Rupees (PKR) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A portion of Raeesa's Group's $1,425 loan helped a member to purchase a variety of goods for a general store.
99% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 26, 2012
Listed
Dec 27, 2012
Currency Exchange Loss:
Possible
Ended:
Nov 17, 2013