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Rasheedan's Group
In this Group: Rasheedan, Khursheed
Mrs. Rasheedan is 48 years old. She lives in Lahore, Pakistan with her family. She is a mother of five children and a responsible and hardworking housewife. Her husband owns a furniture shop in the market. This shop is the base of earning for his family. He works very hard to meet the household expenses but due to his insufficient income he is facing problems meeting the needs of his family.

Mrs. Rasheedan, as a member of a two-person lending group, has requested a loan from Kiva's partner BRAC Pakistan. With the help of the loan amount her husband will purchase a variety of furniture for resale. By doing so he will increase his net income and savings for the future. Rasheedan is hopeful that the loan will be a productive one for her husband's business. She wants to purchase a computer for her children with the profit. She wishes to provide computer education to her children in the future. 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
  • 295
    View loans »
    Pakistan Loans Fundraising
  • $13,759,750
    Funds lent in using Kiva
  • 98.4
    Pakistan Rupees (PKR) = $1 USD

Success!! The loan was 100% repaid

A portion of Rasheedan's Group's $825 loan helped a member to purchase a variety of furniture to sell.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 11, 2013
Listed
Apr 30, 2013
Currency Exchange Loss:
Possible
Ended:
Feb 17, 2014