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Iftikhar
Greetings from Pakistan! This is 41-year-old Iftikhar, from Lahore city. He is married, with five children. All his children attend the school in the morning and tuition class in the evening.

He has been making concrete slabs for many years. He makes slabs in different sizes for various purposes, such as for roofs, floors, and to cover graves.

He describes his efforts and procedures for making concrete blocks. He prepares a mixture of cement, sand, gypsum,and water and fills it under triangular frames to give a specific shape. He has been doing this work with fondness and spirit because its turnover is high.

Nowadays, he has gotten a huge contract for making slabs from a builder, but he does not have enough money to buy the raw material he needs. This is why he has requested a loan from Kiva’s field partner BRAC Pakistan, so he can buy the raw materials.

With the support of the lenders he will be able to complete the contract, which will cause an increase in his savings as well. He wants to provide his children with higher education and intends to save the profit for educational expenses in the future.

Iftikhar is very thankful to the Kiva and to its 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

  • $4,700
    Average annual income
  • 253
    View loans »
    Pakistan Loans Fundraising
  • $14,728,150
    Funds lent in using Kiva
  • 106.1
    Pakistan Rupees (PKR) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,425 helped Iftikhar to buy gypsum, cement, and sand for making slabs to sell.
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