Khalida has requested a loan from Kiva's partner, BRAC Pakistan, for her husband. He owns a babies’ cot bedsheet shop in the market. He stitches beautiful and colourful bedsheets for babies’ cots and sells them in the main market. He needs capital to purchase cloth and thread for making bedsheets. However, due to lack of finances, he finds it difficult. Therefore, his wife has asked for a loan to help him, as his shop is the only source of income for his family. This loan amount is very important to continue his work.
Khalida wants to buy a refrigerator for the preservation of food in the summer season with the profit amount. She is feeling very happy and relaxed after taking the loan. She is thankful to all the BRAC Pakistan team and all Kiva lenders.
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