Check out some available loans that are similar to this one!
Riaz's Group
In this Group: Riaz , Salma, Nagina
Riaz is a 39-year-old housewife. She lives in Lahore, Pakistan. She is a mother of three children. Her husband owns a fruit shop in the market, which is the only source of income for the family. He sells apples, bananas and oranges in his shop.

Currently, he is interested to offer more variety to his customers, which will help him to increase his net income and savings as well. However, due to the lack of funds, he finds it difficult. Therefore, his wife, Riaz, as a member of a three-person lending group, has requested a loan from Kiva's partner BRAC Pakistan. She wants to help her husband to purchase a variety of fruits from the field and sell them in the market at a profitable price. With the profit, her husband wants to grow his business in the future.

Riaz 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
  • 178
    View loans »
    Pakistan Loans Fundraising
  • $13,079,825
    Funds lent in using Kiva
  • 99.9
    Pakistan Rupees (PKR) = $1 USD

Success!! The loan was 100% repaid

A portion of Riaz's Group's $925 loan helped a member to purchase a variety of fruits to sell.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 27, 2013
Listed
Jul 8, 2013
Currency Exchange Loss:
Possible
Ended:
May 17, 2014