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Rizwan
Rizwan is a 28-year-old energetic man with entrepreneurial skills. He has been operating a business as a wholesale dealer in carpets. He has been doing this business for 15 years. His clients are very satisfied with his service as he offers them good quality carpets at reasonable rates. Currently, Rizwan is planning to open a warehouse where he can store carpets and put them on display when needed. Therefore, he has requested a loan from Kiva's partner BRAC Pakistan to expand his business. He would also purchase a bigger variety of carpets to attract more customers. Rizwan is very thankful to Kiva and BRAC Pakistan as this loan could be very useful for his business.

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.

Tags

About Pakistan

  • $3,004
    Average annual income
  • 192
    View loans »
    Pakistan Loans Fundraising
  • $13,654,625
    Funds lent in using Kiva
  • 98.4
    Pakistan Rupees (PKR) = $1 USD
Expired
A loan of $1,525 helped Rizwan to expand his carpet business.
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 16, 2013
Listed
Jun 3, 2013
Currency Exchange Loss:
Possible
Expired:
Jul 3, 2013