Batool has an excellent hand-embroidery skills and has been running this business very successfully since 2006. She sells her beautifully hand-stitched and embroidery products in the market. She is running this business to contribute some amount to the family income and to keep herself busy as she does not like to waste her skills and precious time by sitting idle at home. Her business is successful and the demand for her embroidery products is increasing day by day.
Currently her embroidery stock is almost finished so she wants to purchase some embroidery products to continue her business as her income plays a vital role in fulfilling the needs of the family members.
For that reason, Batool, as a member of 7- person lending group has requested a loan from Kiva's partner BRAC Pakistan to purchase fabric and packs of threads of various colors. With the help of the loan amount, she will be able to purchase stock and sustain her embroidery business. She desires to expand her business in the future and to provide higher education for her children.
Note: In the picture, Batool holding a pink 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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Success!! The loan was 100% repaid