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Tariq
Tariq is living in the area of Lahore, Pakistan, with his wife and son. He owns a small jewelry shop in which he sells artificial jewelry such as bracelets, bangles, lockets, necklaces, rings and earrings. He makes golden jewelry on demand also.

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 .

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
  • 217
    View loans »
    Pakistan Loans Fundraising
  • $14,215,100
    Funds lent in using Kiva
  • 105.0
    Pakistan Rupees (PKR) = $1 USD

Success!! The loan was 100% repaid

A loan of $975 helped Tariq to buy gold for making jewelry to sell.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 17, 2013
Listed
Sep 24, 2013
Currency Exchange Loss:
Possible
Ended:
Oct 17, 2014