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Riffat's Group
In this Group: Riffat, Shabana
Riffat, age 45, is the leader of this borrower group. She adores her family, and her husband works very hard so that his family can have a good and respectable life. Her husband owns a crockery shop in the market. This is the only source of income for the family.

Riffat’s husband needs finances to purchase a new variety of crockery. This will help him to offer more variety to his customers. Therefore, his wife Riffat is requesting a loan from Kiva’s partner BRAC Pakistan with the goal of helping her husband. He will be purchasing plates, glasses, spoons, forks, etc. to sell.

Riffat is feeling happy that she will be able to help her husband with the loan amount. She is thankful to Kiva lenders and to 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

  • $4,700
    Average annual income
  • 294
    View loans »
    Pakistan Loans Fundraising
  • $14,499,975
    Funds lent in using Kiva
  • 106.4
    Pakistan Rupees (PKR) = $1 USD

Success!! The loan was 100% repaid

A portion of Riffat's Group's $525 loan helped a member to purchase plates, glasses, spoons, forks, etc. to sell.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 11, 2013
Listed
Oct 28, 2013
Currency Exchange Loss:
Possible
Ended:
Sep 3, 2014