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Fouzia's Group
In this Group: Fouzia , Khalida, Saima, Tahzeem, Nusrat, Rubina
Fouzia is a 35-year-old independent woman. She is a responsible mother of four children, all of them are students. Her husband works at an agency business. She lives with her family in Rawalpindi, Pakistan.

Since 2007, Fouzia has been running a clothing business. She purchases clothing items from Multan and sells them in the market. Now she wants to open a new shop in her house so that she can increase her net income and savings. However, due to financial constraints, she finds it difficult.

As a member of a six-person lending group, she has requested a loan to purchase some furniture and clothing items. She dreams to provide a quality education to her children. She is hopeful that the loan will be productive for her business and family.

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
  • 223
    View loans »
    Pakistan Loans Fundraising
  • $14,472,625
    Funds lent in using Kiva
  • 97.9
    Pakistan Rupees (PKR) = $1 USD

Success!! The loan was 100% repaid

A portion of Fouzia's Group's $1,350 loan helped a member to purchase furniture and clothing items for her new shop.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 23, 2013
Listed
Feb 6, 2013
Currency Exchange Loss:
Possible
Ended:
Jan 17, 2014