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Asif
Asif is a very hardworking and active borrower of BRAC Pakistan. He lives in Rawalpindi, Pakistan, with his wife and two children. His wife is a responsible housewife and both of his children are students. Since 2004 he has been running a fabric selling shop, which is the only source of income for the family.

Currently he needs to purchase some new varieties of fabric for his shop but finds it difficult due to a lack of finances. Asif has requested a loan of 200,000 PKR from Kiva's partner, BRAC Pakistan, to purchase new varieties of fabrics for his shop. He wishes to provide quality education for his children. He is very thankful to all the staff of Kiva and BRAC Pakistan.

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
  • 194
    View loans »
    Pakistan Loans Fundraising
  • $13,521,725
    Funds lent in using Kiva
  • 105.3
    Pakistan Rupees (PKR) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,900 helped Asif to pay for new varieties of fabrics for his shop.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 7, 2013
Listed
Jan 6, 2014
Currency Exchange Loss:
Possible
Ended:
Jan 17, 2015