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Asiya's Group
In this Group: Asiya, Razia, Nusrat
Asiya is a 45-year-old woman. She lives in Lahore, Pakistan. She is the mother of five children. Her husband owns a welding shop. He works very hard to provide for the family. The stock of his shop is almost depleted. Due to lack of funds, he is having trouble purchasing stock for the shop. Therefore, his wife Asiya, a member of 3-person lending group, has applied for a loan from Kiva's partner BRAC Pakistan to purchase welding rods, iron rods, iron sheets and soldering rods for him to sell. This will be very helpful for her husband in continuing his business, and this is the only source of income for his family. Her house is situated in rural area where the sanitation system is not good, with the result that mosquitoes in her area are spreading serious diseases. With the help of his profits, she wants to buy a small house in a new location as soon as possible. She is hopeful that the loan will be really helpful for her family and her husband's business.

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
  • 184
    View loans »
    Pakistan Loans Fundraising
  • $13,654,625
    Funds lent in using Kiva
  • 98.3
    Pakistan Rupees (PKR) = $1 USD

Success!! The loan was 100% repaid

A portion of Asiya's Group's $1,325 loan helped a member to purchase welding rods, iron rods, iron sheets and soldering rods to be sold in her husband’s shop.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 6, 2013
Listed
May 17, 2013
Currency Exchange Loss:
Possible
Ended:
Mar 17, 2014