As we know, the gold prices have been globally increasing, so the customers like to buy artificial jewelry instead of golden jewelry. But most of the rich persons give him orders sometimes for making golden jewelry.
This time, the same situation is happening but in large quantity. He has taken an order for making golden jewelry; the customer has given some cash in advance too. But still, now the purchase of gold are beyond Tariq's financial capacity.
Therefore, Tariq requested a loan from Kiva’s field partner’s, BRAC Pakistan, so he can buy the gold and fulfill the order on specific duration. With the help of the profit amount, he will buy the artificial jewelry over his shop to sell.
He hopes that through this loan he will be able to buy gold, fulfill the order, and get more profits than earlier.
Tariq is very thankful to Kiva’s 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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