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Saeed
Saeed is a 47-year-old married man. He owns a sweet shop near his home. He sells a variety of sweets, which he prepares in his home with the help of his wife. Now he is not as energetic due to his old age. Due to his weakness, he does not spend enough time at his shop. Because of this, he is unable to prepare and offer more sweets. Now his son encourages him and assures him of his help. His son promises that he will also help him to sell the sweets.

Saeed has decided to add more varieties of sweets to offer his customers. But the lack of capital discourages his aims. Our field partner met with him and allowed him to request a loan after taking all the necessary information and completion of all formalities.

With this loan, Saeed will buy ingredients for preparing a variety of sweets to sell. He will buy flour, sugar, oil, etc. Saeed is very hopeful that this loan will bring positive changes into his business, his profits, and that his savings will increase.

Saeed thanks Kiva because they showed him a ray of hope to turn his business around.

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
  • 220
    View loans »
    Pakistan Loans Fundraising
  • $14,472,625
    Funds lent in using Kiva
  • 103.5
    Pakistan Rupees (PKR) = $1 USD

Success!! The loan was 100% repaid

A loan of $975 helped Saeed to buy ingredients for preparing a variety of sweets to sell.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 24, 2013
Listed
Aug 31, 2013
Currency Exchange Loss:
Possible
Ended:
Sep 19, 2014