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Farida's Group
In this Group: Farida, Nasreen, Razia, Asiah, Tahira, Safdari
I am Farida M., a mother of four children, three of whom attend school and one who is mentally challenged. I have lived with my family in the mid-sized city Faisalabad, Pakistan, for the last 13 years. I am also a health worker in a clinic. I am borrowing for the first time from the microfinance institute Asasah to buy medicines for my clinic. The other women who would like to borrow in my group are: Nasreen A., who will use the loan to expand her husband’s crockery store where he sells tea pots; Safdari B., whose son sells chicken meat; Razia M., who will pay off the remaining installments of a loan on their rickshaw; Asiah B., who will invest her share of the loan to expand their furniture store; and Tahira R., who is borrowing for her husband’s grocery store.

This is a group loan. The loan funds will be distributed among the group members, each of whom will invest in her own business. The members mutually guarantee one another's loans. If one member does not repay, the other members are responsible.

Additional Information

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
  • 310
    View loans »
    Pakistan Loans Fundraising
  • $17,714,550
    Funds lent in using Kiva
  • 61.9
    Pakistan Rupees (PKR) = $1 USD

Success!! The loan was 100% repaid

A portion of Farida's Group's $1,200 loan helped a member to buy medicines for a clinic.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Mar 14, 2008
Feb 28, 2008
Currency Exchange Loss:
Apr 15, 2009