As a member of a two-person lending group, Amina has requested a loan from Kiva’s partner BRAC Pakistan. With the loan amount, she wants to purchase a new sewing machine as her old machine is not working properly and it’s very difficult for her to continue the business. She can increase her production by stitching more dresses in less time and she can work efficiently with a new sewing machine.
With the profit amount she wants to pay the educational expenses of her son. She is very hopeful that the loan will be a productive one for her and she is very thankful to Kiva and BRAC Pakistan for their help.
NOTE:In the picture Amina is raising 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