She belongs to a poor family and it is very difficult for her to fulfill all the household expenses with a low income. Her husband owns a scrap shop and deals with the scrap iron, aluminum, plastic bottles etc. He purchases scrap from the residents in his town, and sells it to companies for recycling. He has been running his business for many years, his shop is located near his home.
Recently, he got a huge contract to buy scrap and useless iron, from a firm. However, he does not have sufficient savings to show his consent to the dealer. Therefore, Shazia has requested a loan, so he can buy scrap iron, establish his enterprise and make some savings to meet emergencies.
Shazia is very impressed with this honorable support and she hopes to borrow a larger loan after this one. She thanks Kiva and its field partner BRAC Pakistan.
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 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