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Asghar
Asghar is a milk seller by profession; his forefathers have been doing the same business for many years. He has gotten all the buffaloes through inheritance. He has been increasing his cattle through breeding, also. Now he has many buffaloes for getting milk. He is famous in his hometown due to the quality and freshness of the milk.

After household usage and selling milk in his hometown, most of the milk remains unsold. After a day, the milk loses its freshness, and he does not want to lose his reputation in the market. So, he decided to sell the remaining milk in a neighboring town, but he does not have a conveyance to bring the milk.

For this purpose, Asghar decided to buy a vehicle for milk supplying with the contribution of his savings, but he does not have a sufficient amount to buy a vehicle. During the survey, the field officer met with Asghar, and took seriously his problem and approved a loan as per his desire.

Asghar will use the vehicle for traveling with his family, also. This loan helps his family, too.

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.

Tags

About Pakistan

  • $3,004
    Average annual income
  • 144
    View loans »
    Pakistan Loans Fundraising
  • $13,079,825
    Funds lent in using Kiva
  • 103.5
    Pakistan Rupees (PKR) = $1 USD

Success!! The loan was 100% repaid

A loan of $975 helped Asghar to buy a vehicle for transporting the milk supply to the market.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 22, 2013
Listed
Aug 31, 2013
Currency Exchange Loss:
Possible
Ended:
Sep 18, 2014