Kalssom has been saving for many years to buy new auto rickshaw for her son, but most of the savings were spent on an operation on her eyes.
Now she wants to buy a new auto rickshaw for one of these idle sons, but she does not have enough money left to buy one.
Therefore, Kalssom requested a loan so that she could buy a new rickshaw with the contribution of her remaining savings. She hopes that her son will drive the auto rickshaw with his full devotion and earn sufficient income.
Kalssom is a 45-year-old woman, living with her seven children and spouse in the area of Lahore, Pakistan.
Kalssom is very happy after taking this loan and says thank you to Kiva and its field partner BRAC Pakistan.
Note: Kalssom is representing herself by raising her hand.
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