Hafeez Begum's Group
Hafeez Begum's husband owns a livestock trading business and does most of his trading within the city. He purchase goats and billy goats from rural areas and sells them in the city. He has to feed and look after his livestock which is very tough for him in his old age. He is making an effort and earning money for the survival of both of them.
He wants to buy billy goats to sell because the Eid-ul-Azha is about to come and many people like to buy billy goats to sacrifice on Eid-Ul-Azha. This is very profitable but he does not have enough savings to buy billy goats.
Therefore, Hafeez Begum requested a loan from Kiva’s field partner BRAC Pakistan, so that her husband could buy billy goats to sell. And he could earn maximum profit so they can spend their old ages with peace and calm.
Hafeez Begum is very pleased after taking this loan and thankful to the 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