As a member of 10 person lending group, Safina has requested a loan from Kiva partner BRAC Pakistan to purchase a new tailoring machine for the growth of her business. With the profit she will open a tailoring shop as currently she is doing all work at home. She will also purchase more items like clothes and tailoring accessories in the future. She wants to give her children a good education so that they can have a better life. Safina dreams to open her new tailoring shop asap so that she can increase her sales and income. Lots of prayers and many thanks for all staff of BRAC and KIVA from her.
Note: In the picture Safina holds her pass book in her hand.
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 PakistanBRAC 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.
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Success!! The loan was 100% repaid