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Farrukh
Farrukh is 34 years old. He lives in Lahore, Pakistan. He is a responsible father of one son. He owns a hotel in the area which is the only source of income for his family. He wants to purchase chicken, beef, mutton, pulses (lentils) and vegetables for his business. However, due to the lack of money, he finds it difficult. Therefore Farrukh has requested a loan from Kiva's partner BRAC Pakistan to cover the cost of purchasing needed food products for the hotel. This will help him to continue his business and to increase his net income. Farrukh is very thankful to Kiva.

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
  • 157
    View loans »
    Pakistan Loans Fundraising
  • $13,278,425
    Funds lent in using Kiva
  • 98.5
    Pakistan Rupees (PKR) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,025 helped Farrukh to purchase chicken, beef, mutton, pulses and vegetables for hotel business.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 16, 2013
Listed
May 23, 2013
Currency Exchange Loss:
Possible
Ended:
Jun 17, 2014