Ali Ahmed is a 45-year-old married man, living in the area of Lahore, Pakistan. He is a responsible father of six children, five of whom go to school, and one of whom helps him in his business. Ali has owned a dairy farm in his town since 1993. Ali milks the buffaloes twice a day, which is very hard work for one person. A few days ago, one of his cattle suddenly died, due to fetal disease, and the cowshed has fallen down due to lot of rain, so it needs maintenance. These difficulties are having a bad effect on his sales. Ali wants to buy a buffalo and repair the cowshed, but his savings are not sufficient for these purposes, so he applied for a loan of PKR 250,000 from Kiva’s field partner BRAC Pakistan, so that he can overcome these difficulties and carry on his business smoothly. From the profits, Ali would like to start his own livestock breeding business, as he has now acquired sufficient experience in this business. Ali Ahmed is very thankful to Kiva and its field partner 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 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.