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Hanifaan's Group
In this Group: Hanifaan, Salma, Shaheen, Naseem, Mumtaz, Saba, Manzoor, Perveen, Mafia, Shameem
Hanifaan is a housewife. She remains at home and does her household responsibilities. Her husband sells paint, while her son also supports his father.

She has applied for a loan from Kiva partner Asasah for further improvement of her husband’s business. With the loan investment he will buy paint in different colors that will help him to fulfill client orders on time and increase his sales.

He has been operating his business for the past many years and Hanifaan is confident that this Kiva loan will be a productive one for him and he will be able to increase his profits.

Additional Information

More information about this loan

Asasah offers products that are customized for its Muslim clients. This Murabaha loan is structured as an interest free loan. Asasah purchases goods for its borrower and charges them a markup or fee. For more information on Islamic microfinance, please click here.

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
  • 218
    View loans »
    Pakistan Loans Fundraising
  • $13,684,800
    Funds lent in using Kiva
  • 100.7
    Pakistan Rupees (PKR) = $1 USD