She is the mother of four children; three of them go to school. Her husband has been running a restaurant successfully for many years and handling the financial condition of his house. This restaurant has been cherished by her whole family for many years.
She has been investing the amount of her previous loans in the current business and has been establishing the restaurant well. She is a long-term member of BRAC Pakistan, and now she is in her sixth loan cycle. Her payment schedule and behavior is so good.
This time, Razia is taking a loan again for the restaurant establishment. In fact, her husband wants to buy fry pans, a cauldron, spoons, plates, chicken, beef, pulses, bread, etc. She is hopeful that taking this loan would be the cause to get more profit and savings as well.
Razia thanks Kiva and its 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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