Samina is a 42-year-old, independent, woman. She lives in Punjab, Pakistan, with her husband, three daughters and a son. All her children are students. Her husband is an auto mechanic who has been running his own shop since 2007. Her husband's income is insufficient to cover the household expenses. Since 2010, Samina has been trying to help her husband by running a boutique. She purchases a variety of clothes from different cities, such as Lahore and Faisalabad, and sells them to customers in Rawalpindi. Now she is interested in growing her business. As a member of a seven-person borrowing group, Samina has requested a loan from Kiva's partner BRAC Pakistan to buy more clothes and sewing supplies. This will help her to work more professionally and efficiently, and to offer a wider variety of products to her customers. She dreams of a better future for her children and of good health for her husband. She wants to live a good, simple, life with her family. Salam, and many thanks, from her to all staff members of Kiva and BRAC Pakistan. Note: In the picture, Samina has a 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 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.