Mercy Foundation Funds Microloan
$300 Microloan Assists Yasmeen's HusbandYasmeen, a middle-aged woman from Pakistan, received a microloan. The city of Rawalpindi in Pakistan’s Punjab area is one of the largest cities in the country, and is also the place that Yasmeen calls home. This 55-year-old mother of two is married to a general store owner. Her husband is the only income earner in the family and is therefore responsible for providing everything that they need. However, he recently faced some financial constraints and found himself unable to buy all the supplies that he needs to run his store successfully. Yasmeen decided to help her devoted spouse by applying for a microloan from BRAC Pakistan, a local Kiva affiliate organization. The loan was intended to buy goods for the store including rice, sugar, tea bags, milk and other consumer items. The loan will go a long way to helping the couple realize their dreams of earning the largest income possible, and allowing Yasmeen’s husband to manage his household and business successfully.
Microloan Partner is BRAC PakistanThe loan was locally administered by BRAC Pakistan, an organization that is focused on providing microfinance services to low income earners all over the country. It offers a range of services, including microloans for small businesses and very poor clients, health and education services. The funds provided by Kiva lenders allow the institution to broaden its reach so that it can provide these vital services to more low income earners in the country. Together with the help of BRAC Pakistan and Kiva, Yasmeen’s loan was fully funded by Mercy Foundation. Providing people like her with loans helps low income earners escape poverty, and to have better lives. This is mostly because we are all working to economically empower people so that they can have a better quality of life. This happens through a two-step process. Kiva is able to find people who are willing to fund the loans. Consequently, BRAC Pakistan identifies people on the ground who are in need of the money and distributes it to them. Funding Yasmeen’s loan has helped put her on the road to fulfilling the dream she has for their family. If you would like to help someone in the same way, why not visit www.kiva.org. You will find a list of thousands of underprivileged entrepreneurs who are in dire need of funding. Notes
- This article is based on https://www.kiva.org/lend/841863