Her husband is a truck driver. His income is insufficient to meet the household expenses such as electricity bills, gas bills, utility bills etc, so Kosar is trying to help him by stitching clothes at her home. She wants to generate more income by purchasing a new sewing machine, and some clothes to sell in the market.
Kosar, as a member of six person lending group, has requested a loan from Kiva's partner BRAC Pakistan. This will help her to satisfy the needs of her clients more professionally. She hopes that the loan will be a productive one for her. She will extend her business if she gets a good amount of profit in the future.
Note: In the picture, Kosar holds a pass book in her hand and one of the borrower named Ruksana is with her baby.
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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