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Shazia's Group
In this Group: Shazia, Samsad
Shazia is the age of 38, living with her family in the area of Lahore, Pakistan.

Her husband is a weaver and knots blankets at home. Wool is being used for knotting blankets. There is no better kind of blankets than blankets made by hand, though this is far from implying that all hand-tufted blankets are superior to all machine-made ones.

Her husband is very expert and knots very fine blankets. This is a very slow and time consuming procedure; he knots blankets over nights. This is the reason her husband sells at a high price, but the problem is, the customers do not agree upon the demanded cost. The demand for fine blankets has been increasing time to time.

However, he wants to buy more raw materials for knotting blankets, but he does not have enough savings to make this purchase possible. Therefore, Shazia has requested a loan from Kiva’s field partner BRAC Pakistan so that her husband can buy wool for knotting blankets.

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.

Tags

About Pakistan

  • $4,700
    Average annual income
  • 295
    View loans »
    Pakistan Loans Fundraising
  • $14,508,325
    Funds lent in using Kiva
  • 98.9
    Pakistan Rupees (PKR) = $1 USD

Success!! The loan was 100% repaid

A portion of Shazia's Group's $1,225 loan helped a member to buy wool for knotting blankets.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 21, 2014
Listed
Jun 2, 2014
Currency Exchange Loss:
Possible
Ended:
Apr 19, 2015