Ashraf recently started a new business in which he sells mobile phones and phone accessories. He does not have capital to buy new expensive mobile phones of different brands. For expensive mobile phones, he first takes an order and then purchases the new mobile from the market for his customers. This is a lengthy procedure; he wants to buy expensive mobiles so that he can sell them on the spot. He also wants to offers accessories. But he does not have sufficient capital to buy new phones and accessories.
Therefore, Ashraf has requested a loan from Kiva’s field partner BRAC Pakistan so that he can buy mobile phones and accessories for his shop. Ashraf is hopeful that this business will work well and he will establish it soon so that he can earn income for his family. He will use the profit for a number of tasks such as establishing his shop, paying back the loan and saving money so that he can get married.
Ashraf is very thankful to Kiva and to 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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