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Noreen's Group
In this Group: Noreen, Efra, Shahida, Nazma, Noreen, Nighat
Noreen is a 33-year-old woman. She lives with her family in Rawalpindi, Pakistan. Her husband is a taxi driver, while all of her children are students. She has been running a beauty salon for the past five years, which makes her an experienced and skilled person with this.

Presently, she is interested in purchasing a variety of cosmetic products for the salon, like lipsticks, makeup kits and facial creams. In order to do that, she has requested a loan from Kiva's partner, BRAC Pakistan. She wants to grow her business in the future, with the profit amount. She is very thankful to Kiva and BRAC Pakistan.

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
  • 112
    View loans »
    Pakistan Loans Fundraising
  • $13,302,525
    Funds lent in using Kiva
  • 97.7
    Pakistan Rupees (PKR) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A portion of Noreen's Group's $1,200 loan helped a member to purchase many cosmetic products for sale at the salon, like face creams and makeup kits.
99% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 21, 2013
Listed
Jan 22, 2013
Currency Exchange Loss:
Possible
Ended:
Dec 17, 2013