Since 2007, Shameem herself has been running an embroidery business and now she wants to expand her business so that she can increase her net income. For that reason and as a member of a 10-person lending group, she has requested a loan from Kiva's partner BRAC Pakistan to purchase embroidery materials like cloth, needles and accessories, so that she can work more professionally and efficiently and can easily grow her business.
Shameem dreams of her children's better future and her husband's good health. She wants to live a good and simple life with her family. Salam and many thanks from her to all staff of Kiva and BRAC Pakistan. Note: In the picture Shameem is holding 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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