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Parveen's Group
In this Group: Parveen, Abida, Azra
Parveen is 43 years old. She is mother of two daughters and four sons. She lives in Lahore, Pakistan. Her husband owns a cooking oil shop in the town. He has been running this business for many years. He buys cooking oil from the main market at the wholesale rate and sells at profitable rates from his shop. He manages his household necessities from his own shop as well. He speaks with an impressive tone and he easily wins the trust of others.

Due to his behavior and tone, he has built up very good relationships with his customers. His cooking oil shop is very famous in the town, which is the reason his business running well. Because her husband wants to increase his business, Parveen has requested for a loan from Kiva's partner BRAC Pakistan to help his cooking oil business. Parveen 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
  • 138
    View loans »
    Pakistan Loans Fundraising
  • $13,074,775
    Funds lent in using Kiva
  • 100.3
    Pakistan Rupees (PKR) = $1 USD
Paying Back

This loan has been fully funded!

A portion of Parveen's Group's $750 loan helped a member to buy cooking oil to resell.
52% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 12, 2014
Listed
Aug 27, 2014
Currency Exchange Loss:
Possible