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Salomi's Group
In this Group: Salomi, Parveen
Salomi is a 38-year old married woman, living in the area of Lahore, Pakistan. She is the mother of three children. Her husband owns an electronics shop in which he offers televisions and LCD TVs on installments. He sells a number of types of TV and LCD TV brands such as Sony, Samsung, LG, Nobel and Panasonic. He also offers a one-year warranty for those electronic products.

Salomi’s husband wants to grow his business and offer more electronics to his customers but he does not have enough capital for investment. So Salomi requested a loan from BRAC Pakistan, which is the field partner of Kiva. Through this loan, her husband will buy more electronic products to sell on installments. Salomi 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.

Tags

About Pakistan

  • $3,004
    Average annual income
  • 153
    View loans »
    Pakistan Loans Fundraising
  • $13,462,325
    Funds lent in using Kiva
  • 98.1
    Pakistan Rupees (PKR) = $1 USD

Success!! The loan was 100% repaid

A portion of Salomi's Group's $675 loan helped a member to buy more more electronic products to sell.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 11, 2014
Listed
Apr 2, 2014
Currency Exchange Loss:
Possible
Ended:
Feb 21, 2015