Amna is a 38-year-old married woman and an enterprising woman with many dreams to fulfill. She lives in the area of Rawalpindi, Pakistan. She has been in the business of clothes selling for almost three years. She purchases clothes from different areas and sells them in the main market at a profit. Amna is a responsible mother of two children. Her husband makes his living as a daily worker but his income is not sufficient to meet the needs of the family members. She faced many problems in her early married life. There were days when her children often slept without having any food. But now her contribution to the family income is playing a vital role in fulfilling the needs of the family members. To cope with the increasing demand during the summer season, she has requested a loan from Kiva's partner BRAC Pakistan. She is a member of two person group and plans to use the loan to purchase variety of clothes in different colors. She hopes to get an increase in her net income and wishes to spend part of profits on the improvement of her house. She is very thankful to Kiva and BRAC Pakistan. Note In the picture Amna 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 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.