Malik Hospital Group
Her husband has owned a printing press since 2001, along with his two sons. This printing is for books, newspapers, magazines, and other reading materials to be produced in great numbers, and it plays an important role in promoting literacy among the masses.
One of her sons has become an expert in his profession and can easily operate a printing machine alone. She wants to buy a new printing machine for her son, so that the monthly income would grow, but her earning capacity and savings discourage her to do this act.
Shazia decided to take a loan and present her request to Kiva’s field partner, BRAC Pakistan, so that she could contribute this amount, along with her savings, and buy a new printing machine. She hopes that this loan will become the cause of establishment of business and increments in savings as well.
Shazia is very thankful to Kiva and the field partner, BRAC Pakistan.
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