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M. Ashiq
M. Ashiq is 26 years old and lives in the area of Lahore, Pakistan. He has been running a general store near his house for five years and the business is operating very well. In this way he is feeding his old parents and sibling. He established the store with the help of a previous loan from BRAC. His shop is situated in a populated area, and there are a lot of customers here to buy miscellaneous general store items.

M. Ashiq wants to offer all those products which are necessary and consumable for daily use. He wants to offer stationery items such as copies, pencils, pens, pencil lead, erasers, etc. But the major problem is the shortage of funds. Therefore, M. Ashiq requested a loan from Kiva’s field partner BRAC Pakistan, so that he can buy sacks of rice, sugar, and flour and additional stationery items. He was very glad after taking this loan and hopeful that he will successfully fulfill each request for any item and prevent the disappointment of his customers.

M. Ashiq is very thankful to Kiva’s field partner BRAC Pakistan, and he assures that he will pay all due installments on time and with regularity.

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

  • $3,004
    Average annual income
  • 213
    View loans »
    Pakistan Loans Fundraising
  • $13,109,125
    Funds lent in using Kiva
  • 107.1
    Pakistan Rupees (PKR) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,425 helped M. Ashiq to buy sacks of rice, sugar and flour and additional stationery items for his store.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 13, 2013
Listed
Dec 18, 2013
Currency Exchange Loss:
Possible
Ended:
Jan 17, 2015