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Asghar
Mr. Asghar is a very kind and hardworking man. He belongs to a poor family and lives in Lahore, Pakistan. He is a father of three sons and two daughters. He owns a steel and metal reshaping shop in the main market.

For the past few days, the machine has not been working properly, which means that he is unable to complete his work on time. This issue is creating a lot of financial problems as well, as he is unable to generate sufficient income. He wants to repair the machine as soon as possible. However, due to the lack of money he finds it difficult.

Therefore, he has requested a loan of 100,000 PKR from Kiva's partner BRAC Pakistan to cover the cost of repairing the machine that he uses for working with metal and steel. He hopes that the loan will help him to repair the machine as soon as possible so that he can continue his work. He is thankful to Kiva and BRAC Pakistan.

Additional Information

More information about this loan

This loan is part of BRAC Pakistan's effort to provide credit to entrepreneurs seeking to expand their small businesses. These are individuals who have limited access to loans because their requests are too large for typical microfinance, and they lack the collateral to borrow from commercial banks. By funding this loan, you will enable a small business owner to provide new services and create new employment opportunities.

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

  • $3,004
    Average annual income
  • 150
    View loans »
    Pakistan Loans Fundraising
  • $13,288,575
    Funds lent in using Kiva
  • 98.4
    Pakistan Rupees (PKR) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,025 helped Asghar to cover the cost of repairing machinery.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 3, 2013
Listed
May 9, 2013
Currency Exchange Loss:
Possible
Ended:
Jun 17, 2014