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Zakia's Group
In this Group: Zakia , Shehnaz
Zakia is a member of a two-person group. She is very a diligent and hard-working woman, living in Rawalpindi, Pakistan, along her husband and five children.

Her husband has been running a gold shop for six years. Zakia has requested a loan from Kiva's partner, BRAC Pakistan. Her husband wants to expand the gold shop. He would add some more space to his shop and would also improve the seating arrangement of his customers. He would renovate his shop to attract more customers.

Zakia is very hopeful for this loan and she is very thankful to Kiva and BRAC Pakistan. In the picture, Zakia is raising her hand.

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.

Tags

About Pakistan

  • $3,004
    Average annual income
  • 159
    View loans »
    Pakistan Loans Fundraising
  • $13,470,225
    Funds lent in using Kiva
  • 98.5
    Pakistan Rupees (PKR) = $1 USD

Success!! The loan was 100% repaid

A portion of Zakia's Group's $575 loan helped a member to expand her husband's jewelry shop.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 13, 2013
Listed
Jun 20, 2013
Currency Exchange Loss:
Possible
Ended:
Apr 16, 2014