In spite of working full time, she takes care of all the housework and makes sure that she can fulfill all of her children's needs.
All of the income which comes from her tailoring business goes to the household expenses due to which she is unable to save any amount for her children’s future but she is very much thankful to Allah Almighty that she is having her own house to live in.
Her older son owns a small shop selling fried chicken at the corner of the street but his income is insufficient and the other one did matriculation*** and took some computer courses as well but he is jobless. Her one daughter did matriculation and got married and now has 2 sons, while the youngest one has recently completed B.com (Bachelor of Commerce)
Gulnaz, as a member of this 6-person lending group, has requested a loan from Kiva partner BRAC Pakistan to purchase fabric and a separate sewing machine for her tailoring business since she currently has only one sewing machine which she uses for her tailoring business as well as for personal use.
Gulnaz hopes that the loan will be beneficial to them.
Note: In the picture Gulnaz holds a passbook in her hand.
***See this Wikipedia entry for a detailed explanation http://en.wikipedia.org/wiki/Matriculation#Pakistan
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