Nazrana is 46 years old, and a hard-working and responsible housewife. She lives in Punjab, Pakistan with her husband, 2 sons and daughter. Her husband is an auto mechanic and has been running his own mechanic shop since 2000. Nazrana's son helps his father in the shop as well. Nazrana's husband wants to purchase some materials like spare parts, engine oil etc. For that his wife, Nazrana, has requested a loan from Kiva partner BRAC Pakistan. With the profit she promises to pay back the loan amount and will invest some money in renovating her house. She dreams of a better future for her children and of her family's good health. Nazrana also hopes that her husband's business will grow more in the future, InshAllah.
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.