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M. Iqbal
M. Iqbal is 57, living with his family in the area of Lahore, Pakistan.

He has been running a small general store for five years; earlier he had a job in a government sector. After retirement, he established a general store with the help of a graduity amount (small bonus) so that he can equally participate in household expenses. His shop is situated in a populated area, and there are a lot of customers available here to buy miscellaneous general store items. He wants to offer all those products which are necessary and consumable for daily usage. He wants to offer additional bakery items such as bread, jam, milk, cookies, butter, sandwiches, pattis, etc. But the major problem is the shortage of funds.

Therefore, M. Iqbal requested a loan from Kiva’s field partner, BRAC Pakistan, so he would be able to buy additional bakery items such as bread, jam, milk, cookies, butter, sandwiches, pattis, etc.

He is very glad after taking this loan, hopeful that he will be successful in fulfilling each request for any item, and abstain from the disappointment of his customers. In this way he will be able to generate maximum profit from the sale of additional bakery items.

M. Iqbal is very thankful to Kiva and their 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
  • 257
    View loans »
    Pakistan Loans Fundraising
  • $14,499,975
    Funds lent in using Kiva
  • 108.3
    Pakistan Rupees (PKR) = $1 USD

Success!! The loan was 100% repaid

A loan of $925 helped M. Iqbal to buy additional bakery items for his general store.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 6, 2013
Listed
Dec 10, 2013
Currency Exchange Loss:
Possible
Ended:
Jan 17, 2015