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Hafizan's Group
In this Group: Hafizan, Haleema, Rukhsana, Nazia, Kaneez
Hafizan B. is a widow of T. H.. She lives in a small city named Arifwala in Pakistan. She owns a two room brick house. She is a mother of five children. She has three sons: Hassan, who is in the 3rd standard grade, Rashid Ali who completed eight grades of education and started a flower business, and Kashif, who also completed eight grades of education and is a salesman. Hafizan’s two daughters are Sania, who is 17-years-old and is in the 10th standard grade, and Bushra, who is 15 years old and in the 6th standard grade. Hafizan is a housewife. She applied for this loan for her son’s flower business.


She has been joined in her group by a few more members. Nazia B. wants a loan for her utensils' business. Kaneez B. wants a loan for her wheat business. Rukhsana B. wants a loan for her plastic bottles business. Haleeman B. wants a loan for her medical clinic.


This is a group loan. The loan funds will be distributed among the group members, each of whom will invest in her 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
  • 199
    View loans »
    Pakistan Loans Fundraising
  • $14,215,100
    Funds lent in using Kiva
  • 67.4
    Pakistan Rupees (PKR) = $1 USD

Success!! The loan was 100% repaid

A portion of Hafizan's Group's $1,325 loan helped a member to expand their businesses.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Jul 1, 2008
Listed
Jun 16, 2008
Currency Exchange Loss:
Covered
Ended:
Dec 2, 2009