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Tariq
Tariq is a 47-year-old, hardworking and diligent businessman. He lives in Rawalpindi, Pakistan, with his wife, two daughters and one son. Since 1998, Tariq has been running a small general store to generate an income for his family. He has requested a loan from Kiva’s partner BRAC Pakistan to expand his business. He wants to buy a variety of goods like milk, sugar, rice, soap, detergents, creams, etc., and to introduce some new items for his general store in order to fulfill the demands of his customers and increase his savings. He will reinvest the profit in the general store and use a part of it to pay for household expenses and the education of the children.

Tariq is very thankful to Kiva and BRAC Pakistan for their support. He is very hopeful that the loan will be a productive one for himself and his family.

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

  • $4,700
    Average annual income
  • 271
    View loans »
    Pakistan Loans Fundraising
  • $14,714,900
    Funds lent in using Kiva
  • 98.4
    Pakistan Rupees (PKR) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,225 helped Tariq to purchase a variety of goods for his general store.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 15, 2013
Listed
May 20, 2013
Currency Exchange Loss:
Possible
Ended:
Jun 17, 2014