Presently he is interested to purchase cattle and goats for his business which will help him to increase his net income and savings. However, due to his lack of funds, he finds it difficult. Therefore he has requested a loan of 100,000 PKR from Kiva's partner BRAC Pakistan, so that he can purchase animals from the field and sell them in the market at a profitable price. With the profit he wants to grow his business in the future.
Faheem is thankful to Kiva and BRAC Pakistan.
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 PakistanBRAC 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.
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