Her husband owns a fruit shop in the market, which is the only source of income for the family. He sells apples, bananas and oranges in his shop. He would like to offer more variety to his customers, which will help him to increase his net income and savings as well. However due to the lack of funds he finds it difficult. Therefore his wife Mumtaz, as a member of a two-person group, has requested a loan from Kiva's partner BRAC Pakistan, so that she can help her husband to purchase a variety of fruit from the field, and sell the fruit in the market at profitable price.
With the anticipated profits, Mumtaz's husband wants to grow his business in the future. Mumtaz is very thankful to Kiva and BRAC Pakiatan.
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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