He has only one source of income which is the sanitary shop. Previously he had operated another business selling construction goods, but that business generated low profits. He established a new business and hopes that this business will prove more beneficial than the last one. He managed to build a list of good customers in a short time and his business is going well.
He wants to make further investment to complete the remaining inventory in his business, but he does not have enough funds to do so. Therefore, Ali Hussain is requesting a loan to buy more stock for his sanitary shop. Ali Hussain thanks Kiva and Field Partner, 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