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Rashid
Rashid lives in Punjab, Pakistan. He is an active borrower of Kiva field partner BRAC Pakistan. For the past many years, he has been running a cloth shop. He sells a variety of unstiched cloth in various colors in his shop. This shop is the only source of income for his family. He belongs to a poor family, and his monthly income is insufficient to meet the family needs. He is the only earning person in the family who has to pay for all the bills. All of his income goes for paying bills; due to this, he can't save any amount of income for urgent and future needs.

Currently, he is going through some serious issue. He wants to replace the current stock with the new variety, with the change in trends. However, due to financial constraints, he finds it difficult. As he doesn't have new variety to offer, this results in the decrease of the number of customers as well.

Rashid has requested a loan from Kiva's partner BRAC Pakistan to purchase a variety of new cloths to purchase from different areas and sell in the market at a profitable price.

He is thankful to Kiva and BRAC Pakistan for their support.

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
  • 140
    View loans »
    Pakistan Loans Fundraising
  • $13,288,575
    Funds lent in using Kiva
  • 105.0
    Pakistan Rupees (PKR) = $1 USD
Expired
A loan of $975 helped Rashid to purchase a variety of colorful unstiched cloth to sell.
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 7, 2013
Listed
Sep 22, 2013
Currency Exchange Loss:
Possible
Expired:
Oct 22, 2013