PhilippinesRetailFunding via Community Economic Ventures, Inc. (CEVI), a partner of VisionFund International
ColombiaTransportationFunding via Fundación Mario Santo Domingo (FMSD)
PhilippinesFoodFunding via Community Economic Ventures, Inc. (CEVI), a partner of VisionFund International
He purchases a variety of wall clocks from factories and sells them in the market. By doing so, he generates income to fulfill his family's needs. His net income is not enough to cope up with the daily and monthly needs of his family. He belongs to a poor family and has to pay for all of their expenses alone.
He has requested for a loan from Kiva's partner BRAC Pakistan to purchase a large variety of wall clocks to sell in the main market. This will help him to increase his sales and net income.
He is very experienced in his business, and confident that his business will move in a positive direction as a result of this loan investment.
He is thankful to Kiva and BRAC Pakistan.
More information about this loan
This loan is part of BRAC Pakistan's effort to provide credit to entrepreneurs seeking to expand their small businesses. These are individuals who have limited access to loans because their requests are too large for typical microfinance, and they lack the collateral to borrow from commercial banks. By funding this loan, you will enable a small business owner to provide new services and create new employment opportunities.
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