She belongs to an ultra poor family; that is why she cannot afford educational expenses. Most of her children are doing jobs as laborers on daily wages. One of her sons goes with his father to help him in his business. Her husband owns a blacksmith shop in which he provides the services of welding. He also provides door-to-door services to his customers. Due to the increase in iron prices, he is unable to buy sufficient welding material such as welding and soldering rods, etc. to carry on his business.
To fulfill the demand of his customers and to run his enterprise, he needs some capital to buy welding material. Zahida requested a loan from Kiva’s field partner BRAC Pakistan for her husband so that he would be able to buy material to carry on with his business. Zahida is very glad and thankful to Kiva and its 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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