Since 1992, Nawaz has been in the business of selling milk, which is the only source of income for the family. Currently, he is interested in purchasing one buffalo to grow his business, but due to financial constraints, he finds it difficult.
Nawaz has requested a loan from Kiva's partner BRAC Pakistan. This will not only help him to grow his milk selling business but it will increase his net income and savings as well. He hopes to provide quality education for his children. He is very 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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Success!! The loan was 100% repaid