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Waseem Rafique
Waseem Rafique is 47 years old. He lives in Lahore, Pakistan with his family. Since 2000, he has been running a fabric business; it is the only source of income for the family.

Presently he is interested in purchasing more fabric for his shop, but the lack of money makes it difficult. Therefore, he has requested a loan of 100,000 PKR from Kiva's partner, BRAC Pakistan. This will help him offer a wider variety to his customers.

Waseem Rafique is facing a few challenges in his business because today, people prefer to purchase ready-made clothes instead of fabric to make clothing; this trend is negative for his business.

He wishes to get great progress as a result of the loan. He is thankful to Kiva and BRAC Pakistan.

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.

About Pakistan

  • $4,700
    Average annual income
  • 272
    View loans »
    Pakistan Loans Fundraising
  • $14,717,025
    Funds lent in using Kiva
  • 98.2
    Pakistan Rupees (PKR) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,025 helped Waseem Rafique to purchase cloth for his business.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 22, 2013
Listed
Mar 11, 2013
Currency Exchange Loss:
Possible
Ended:
Mar 17, 2014