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Raqia
Raqia is a 34-year-old woman living in Rawalpindi, Pakistan. She has three kids, and her husband has operated an automobile workshop for the past three years. They are facing financial problems due to low monthly income.

Raqia has requested a loan from Kiva’s partner BRAC Pakistan. She wants to invest in her husband’s business so that their income and savings will be increased. The main purpose of the loan is for her husband to buy new tools for repairing and tuning automobiles. His customer base would be increased if he had the latest equipment and tools. In the future, with the profit he expects the loan to create, he wants to expand his workshop by adding more space to it.

Raqia is very hopeful that this loan could solve many problems for her family, and she is very thankful to Kiva and BRAC Pakistan for their help.

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
  • 258
    View loans »
    Pakistan Loans Fundraising
  • $14,499,975
    Funds lent in using Kiva
  • 98.5
    Pakistan Rupees (PKR) = $1 USD

Success!! The loan was 100% repaid

A loan of $275 helped Raqia to purchase tools for workshop.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 17, 2013
Listed
May 24, 2013
Currency Exchange Loss:
Possible
Ended:
Mar 17, 2014