Farzana has completed various beautician courses and she is an excellent beautician by profession. She has been running her own beauty salon for 20 years. She is very skilled and an independent woman and she is helping her husband by running her own business. She spends all of her income generated from the business on the education of children so that they can have a bright future.
Currently she has requested a loan from Kiva's partner, BRAC Pakistan, as a member of a two-person lending group. She would like to expand her business by adding one more room to her salon. Her clients are increasing day by day and current space is too congested. She would also like to purchase more cosmetic products, such as lipsticks, facial scrubs, etc and also some new hair stylers. This loan could help her to fulfill her dreams. NOTE: In the picture, Farzana 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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