Her husband is a manufacturer; he manufactures plastic toys over a molding machine. He takes orders for manufacturing plastic toys and plastic accessories as per contracts. He appointed labourers over molding machines on daily wages. In this way, he is also helping unemployed people in his region. For the manufacturing of different plastic accessories he needs raw materials of different categories and qualities. Recently, he made a huge contract with a manufacturing company for making plastic accessories. For this is reason he needs crushed plastic raw materials in large quantities. Therefore, Nusrat requested a loan from Kiva’s field partner BRAC Pakistan, so that her husband would be able to buy crushing plastic raw materials for manufacturing.
Through his profits, her husband will increase the daily wages of his workers, make some savings and look after his children in a better way. Nusrat is very happy after taking this loan, and says thanks to Kiva’s 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