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Waqas is a 33-year-old married man and the father to three children. His is living happily with his family in the area of Lahore, Pakistan.

Waqas owns a cloth shop in the market; he sells fancy and high quality cloth. Some potential customers turn out to be quite poor, and they do not purchase after learning the price of Waqas' wares. He does not compromise upon his quality and rates and does not sell below a reasonable purchasing point, but at the same time he requests his customers and does not like to refuse them.

To win these customers' confidence and avoid having to turn them away, Waqas wants to start a low rate cloth stall in front of his shop. This will allow customers who do not have enough purchasing power to still buy cloth easily.

Waqas invests his savings and profit back into his current business but does not have enough money to start the new stall. For this purpose he wants financial help from Kiva, so he contacted Kiva's field partner BRAC Pakistan, who coordinates between Kiva and the borrowers.

Waqas is very delighted to have this opportunity and thankful to both Kiva and its field partner BRAC Pakistan.

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.


About Pakistan

  • $4,700
    Average annual income
  • 402
    View loans »
    Pakistan Loans Fundraising
  • $15,152,450
    Funds lent in using Kiva
  • 103.5
    Pakistan Rupees (PKR) = $1 USD

Success!! The loan was 100% repaid

A loan of $975 helped Waqas to buy cloth to sell.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Aug 24, 2013
Aug 31, 2013
Currency Exchange Loss:
Sep 19, 2014