Jamila does not work; she stays at home and most of the days she gets sick. She has previously obtained loans for business; she is adding a second loan for her selection of handmade furniture. Today, her husband has many regular customers and also takes orders from other cities. This business yields a good income for her, but her family's needs are increasing day by day and he needs to earn more money. Now her husband wants to buy more raw materials for making furniture in order to expand his business. This is why she came to BRAC Pakistan and wishes to obtain a loan to buy raw materials for marking furniture.
Jamila hopes that this loan will prove beneficial and productive for her business as well as for her family. She says thanks to Kiva and its field partner BRAC Pakistan for this honorable support.
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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