Here is a summary of The Road's 13th social project:
A micro-financing loan to the Bliquis Aziz's Women's Group in Pakistan.
Bilquis baji lives in Pakpattan, Pakistan. The city is famous for its shrine of great Punjabi Sufi poet, Babar Fareed Ganj Shakkar.
Bliquis baji is the mother of two sons, both of whom are auto-rickshaw drivers (the local three-wheeled motor vehicle). She is a housewife but applies for a loan to buy another rickshaw for her eldest son, so that he able to increase his profits as a transit driver.
This is a group loan, and she is joined in her request by four other members. The loan funds will be distributed among the group members, each of whom will invest in their own business:
- Kaneez baji wants a loan to buy a mirror and chair for her beauty salon.
- Zafran baji also wants a loan to buy a rickshaw.
- Mukhtayar baji wants a loan to buy tools for her vehicle repair workshop.
- Saima baji wants a loan to buy cigarettes for her cigarette selling business.
The members mutually guarantee one another's loans. If one member does not repay, the other members are responsible. (See also the group's full profile on Kiva)
This loan goes through "Asasah", the local micro financing partner of Kiva.
Loan Request: $900
Repayment terms: 11 months (Deadline Dec 15 2009)
We gave them a loan of US$100
This is The Road's 13th social project. The funds for this loan were donated by the VK0IR Heard Island expedition team.
More on The Road's social project "Change Starts Here".
You can keep track of our project via our score card.