Check out other loans that are currently fundraising!
Saima's Group
In this Group: Saima, Rukhsana
Saima belongs to a poor family, living with her spouse and a daughter in the area of Lahore, Pakistan.

Her husband owns a blacksmith shop in which he provides welding services for iron accessories. A few days ago his welding plant become out of order due to overheating and it needs to be replaced with a new one. He wants to buy new welding plant but does not have money due to lot of household expenses.

Therefore, Saima has requested a loan from BRAC who is an active field partner of Kiva, so her husband would be able to buy a welding plant for manufacturing.

Saima thanks Kiva and its 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
  • 222
    View loans »
    Pakistan Loans Fundraising
  • $13,121,575
    Funds lent in using Kiva
  • 98.1
    Pakistan Rupees (PKR) = $1 USD

Success!! The loan was 100% repaid

A portion of Saima's Group's $525 loan helped a member to buy a welding plant for her husband's blacksmith shop.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 12, 2014
Listed
Apr 7, 2014
Currency Exchange Loss:
Possible
Ended:
Jan 17, 2015