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Rasheeda's Group
In this Group: Rasheeda, Saima
Rasheeda is the leader of this group. She is requesting a loan from Kiva's partner BRAC Pakistan for her husband's business. He has an embroidery shop. He sells a variety of threads, precious stones, needles, beads, buttons, and laces in his shop. His customers really like the variety of his shop. His products have a great demand in the area.

Currently, he needs to purchase threads and laces, but due to lack of finance, he is facing problem. Therefore, his wife, Rasheeda, has asked for a loan to help her husband.

With the profits expected from this loan, her husband intends to expand his business. Rasheeda thanks the BRAC staff and Kiva lenders for their kindness and mercy.

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
  • 146
    View loans »
    Pakistan Loans Fundraising
  • $13,288,575
    Funds lent in using Kiva
  • 98.6
    Pakistan Rupees (PKR) = $1 USD

Success!! The loan was 100% repaid

A portion of Rasheeda's Group's $625 loan helped a member to purchase a variety of laces and threads.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 10, 2013
Listed
Jun 24, 2013
Currency Exchange Loss:
Possible
Ended:
May 17, 2014