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Tariq
Tariq is a 44-year-old, honest, hardworking businessman. He has four children and a wife, and they all live happily and peacefully in Rawalpindi, Pakistan. Tariq has been running a cloth shop for 22 years. All the people in his area know him very well and are satisfied with his services.

Tariq has requested a loan from Kiva's partner, BRAC Pakistan. He has a limited stock to offer his customers. With the loan he would buy a variety of new fabrics to sell, and this would increase his sales. Tariq wants a bright future for his children. With the help of this loan, he could expand his business, and his net income and savings would also be increased. After getting the profit, he would pay the educational expenses of his children. Tariq is very thankful to Kiva and BRAC Pakistan.

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

  • $4,700
    Average annual income
  • 257
    View loans »
    Pakistan Loans Fundraising
  • $14,499,975
    Funds lent in using Kiva
  • 98.5
    Pakistan Rupees (PKR) = $1 USD
Expired
A loan of $1,525 helped Tariq to buy a variety of new fabrics to sell at his shop.
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 21, 2013
Listed
Jun 3, 2013
Currency Exchange Loss:
Possible
Expired:
Jul 3, 2013