Manseeda herself is an efficient and hard-working tailor. For the past six years she has been running a small tailoring business in her home. She provides tailoring services in her community. All of her customers appreciate her, for her efficient and excellent skills. Her income is playing a vital role in the family's income, so she wants to continue it in the future as well.
But currently her tailoring stock is not enough, and her sewing machine has stopped working. Therefore, she is unable to continue her business. She lacks the money she needs, to buy the things she requires to resume her business. For that, as a member of this six-person lending group Manseeda has requested a loan from Kiva's partner, BRAC Pakistan, to purchase spools of thread in various colors, cloth, needles, and one sewing machine. This will not only help her to resume her small business, but also to increase her net income. With the profit amount, she wants to put aside some savings for her daughters' better future. Note: In the picture, Manseeda 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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