He manages his household necessities from his own store as well. Some of his relatives like to purchase from his general store. He speaks with a monotonous tone, which is impressive, and he easily wins the trust of others. Due to his behavior and tone, he has built up a very good relationship with his customers.
His general store is very famous in the town; that is the reason his business is running well. Due to good relationships, his sales have increased a lot, but he does not have sufficient stock to cope with the demand. Therefore, Humaira requested a loan for her husband so that he can buy more stock of wheat, rice, flour, pulses, soap, shampoo, detergents, biscuits, etc.
Humaira hopes that her husband will utilize the loan in a positive way; this amount will help him to cope with the demand.
She 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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