On the upper floor of her house, Farzana has made a small poultry farm based on two rooms in which she keeps poultry like hens and birds. The area is much too congested so she wants to construct one more room. And for that purpose, as a member of a 9-person lending group, Farzana has requested a loan from Kiva partner BRAC Pakistan. This will not only help her to grow her business, but will also increase their net income as well as savings. With the profit amount, she will meet household expenses and will open a new egg shop in the market. Farzana is dreaming for her daughter that she will get married soon. Many thanks and kind regards from her to all staff of Kiva and BRAC Pakistan.
Note: In the picture, Farzana holds a passbook 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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