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Nagma's Group
In this Group: Nagma, Farzana
Nagma belongs to a poor family, living with her spouse in the area of Lahore, Pakistan. She does not have any offspring to support her in old age. Her husband is a blacksmith. He manufactures iron accessories for doors and windows in houses. He has been providing door to door services to weld the broken accessories.

A few days ago, his welding plant became out of order due to a fluctuation in electricity, and he needs to purchase a new one. This is the only source of income. He is unable to generate income in the absence of a welding plant. He wants to buy a new welding plant but he does not have enough money due to a lot of household expenses.

Therefore, Nagma requested a loan from BRAC, an active field partner of Kiva, so that her husband can buy a welding plant for manufacturing. She thanks Kiva and their field partner, BRAC Pakistan.

Additional Information

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 Pakistan

BRAC 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.

About Pakistan

  • $3,004
    Average annual income
  • 220
    View loans »
    Pakistan Loans Fundraising
  • $13,121,575
    Funds lent in using Kiva
  • 107.6
    Pakistan Rupees (PKR) = $1 USD

Success!! The loan was 100% repaid

A portion of Nagma's Group's $675 loan helped a member to buy a welding plant for manufacturing.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 22, 2013
Listed
Nov 26, 2013
Currency Exchange Loss:
Possible
Ended:
Sep 22, 2014