She doesn't have enough money to provide education for all of her children; therefore, only one of her children is enrolled in a private school. Naseem herself is an efficient and hardworking tailor.
Since 2004, she has been running a small tailoring business in her home. She provides tailoring services in her community. Currently, she is facing a very hard time, as her husband is jobless and she is the only breadwinner in the family. Her net income is insufficient to fulfill the needs of her family.
As this business in the only source of income for her family, so she wants to expand it by purchasing some tailoring materials, like threads in various colors, clothes and one sewing machine. However, due to the lack of finance, she is unable to do this.
Because of this, as a member of 6-person lending group,she has requested for a loan from Kiva's partner, BRAC Pakistan. This will help her to increase her net income and savings.
Naseem is very thankful to Kiva. She desires to provide a quality education for her children so that they can live a happy life in the future.
Note: In the picture Naseem holds a pass book in her hand.
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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Success!! The loan was 100% repaid