Her husband is a rickshaw driver, and he transports passengers through the streets of his city. He puts forth a lot of effort into his job and he works about 12 hours every day and attends to about 80 customers. He tells us that every day is a good day because he is able to return home with money for household costs, which gives Syeeda a little peace at the end of the day. He believes that his business is going well because he has a lot of faith in God and believes that God guides him. For this reason, he always has something to take home because he is honest, honorable and respects his customers.
Syeeda is actually very grateful for Kiva loan. This would be the first time that they have given her their support and with it she will be able to make improvements for her family. Her husband will buy new tires and change the seats on his rickshaw, and with these improvements, he will be able to improve his customers' comfort and thus obtain higher earnings. He hopes to be able to save enough to accomplish his dream: “To buy a furnished house”.
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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