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Shafiq
Shafiq is 30 years old and the father of two daughters living in Lahore, Pakistan. He is religious, sympathetic, honest and a hard worker.

Shafiq is running a small herbal shop in a nearby town to help the poor people. Because he wanted to help the poor, he decided to open herbal medicine shop in poor society for those who do not have the power to afford allopathic medicine. He can also treat minor diseases at a very low service charge and provide herbal medicines according to his experience. In this way, he gets some income to run his house as well.

Shafiq is very famous in his area due to his kindness. This is the reason the demand for herbal medicine has been increasing. He needs to buy more herbal medicine to cope with the demand. He wants to buy herbal medicine in bulk, but does not have enough capital to invest because he has to spend a large part of his savings on household expenses.

Therefore, Shafiq has requested a loan from Kiva’s field partner BRAC Pakistan. He hopes that the lenders will support him in his noble work.

Additional Information

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 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
  • 106.1
    Pakistan Rupees (PKR) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,900 helped Shafiq to buy herbal medicne for herbal shop.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 9, 2013
Listed
Oct 27, 2013
Currency Exchange Loss:
Possible
Ended:
Nov 17, 2014