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Romana's Group
In this Group: Romana, Shahida, Gulnaz, Yasmeen, Musarat
Ms. Romana is 38 years old and a very hardworking woman. She lives in Rawalpindi, Pakistan with her parents.

For the past few years, she has been operating a tailoring business. She needs additional capital to grow her business and purchase tailoring materials like a sewing machine, reels of thread, and needles. Due to lack of finances, she finds it difficult.

Therefore, as member of a 5-person lending group, she has requested a loan from Kiva's Partner, BRAC Pakistan. This will help her to increase her net income and savings.

She is very much thankful to Kiva and BRAC Pakistan.

Additional Information

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.

About Pakistan

  • $3,004
    Average annual income
  • 297
    View loans »
    Pakistan Loans Fundraising
  • $13,738,325
    Funds lent in using Kiva
  • 97.3
    Pakistan Rupees (PKR) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A portion of Romana's Group's $925 loan helped a member to purchase tailoring materials like a sewing machine, reels of thread, and needles.
99% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 9, 2013
Listed
Jan 16, 2013
Currency Exchange Loss:
Possible
Ended:
Nov 17, 2013