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M. Ashiq
M. Ashiq is a 60-year-old man living in the area of Lahore, Pakistan. He owns a small crockery store, in which he sells utensils and crockery items such as plates, dishes, cups, jars, glass, jugs, mugs, cauldrons and buckets.

M. Ashiq is a father of seven children and is the only responsible person, who has to feed them. He has only one source of income and he has to pay the utility bills and household expenses by himself. The condition of his house is not up to the mark according to the living standards.

M. Ashiq wants to buy more inventories to sell because most of his female customers purchase utensils in a large quantity for making a dowry. For this purpose, more inventories are required to cope with the sudden increase in the demand.

M. Ashiq requested a loan from Kiva’s field partner’s BRAC Pakistan, so he can buy utensil and crockery items and generate more income. M. Ashiq is very thankful to Kiva’s field partner BRAC Pakistan because they showed him a beam of hope to fulfill his desires.

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
  • 242
    View loans »
    Pakistan Loans Fundraising
  • $13,737,225
    Funds lent in using Kiva
  • 105.3
    Pakistan Rupees (PKR) = $1 USD
Expired
A loan of $1,900 helped M. Ashiq to buy crockery and utensils to sell.
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 8, 2014
Listed
Jan 15, 2014
Currency Exchange Loss:
Possible
Expired:
Feb 14, 2014