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Rizwana Group
In this Group: Rizwana, Maqsooda
Rizwana is a 60-year-old responsible housewife. She is living in Rawalpindi, Pakistan, along with her husband and four children. Her husband has been running a television sales business for seven years.

Rizwana, as a member of a two-person lending group, has requested a loan from Kiva’s partner BRAC Pakistan so that her husband can expand his business. He would buy new models of television sets, as the old ones have no demand now. His sales would be increased with the newer models available in his shop, which will attract more customers. With the profit amount, Rizwana would pay the educational expenses of her children. She is very thankful to Kiva and BRAC Pakistan for their support.

NOTE: Rizwana is raising her hand in the picture.

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
  • 196
    View loans »
    Pakistan Loans Fundraising
  • $13,654,625
    Funds lent in using Kiva
  • 98.5
    Pakistan Rupees (PKR) = $1 USD

Success!! The loan was 100% repaid

A portion of Rizwana Group's $525 loan helped a member to purchase new television sets for her husband's television business.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 5, 2013
Listed
Apr 11, 2013
Currency Exchange Loss:
Possible
Ended:
Mar 17, 2014