Naseem has grown old and does not have enough power to manage her household activities. She wants to do the marriage of her son so that her daughter-in-law could hold all the household activities. Her son has been running a barber shop for many years. He wants to buy new instruments and furniture but his financial condition does not allow him to buy new instruments.
Due to his low purchasing power, Naseem requested a loan to empower her son so he could easily buy new instruments such as scissors, combs, shaving machine, front mirror and revolving chair. Naseem hopes that this loan will work positively and she would be able to make some savings for household expenses.
Naseem say thanks to Kiva and to it 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