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Abdul Majeed
Abdul Majeed is a 38-year-old married man, and he has four children. He is living in a populated area, and he knows about the requirements of the people in this area. He is a market vendor and sells seasonal vegetables from his place in a central bazaar, and also from his home. Abdul Majeed has 15 years of experience in this field. He knows customers' needs and he has reliable providers. He chose this business because it is profitable and brings stable income. People use fresh vegetables everyday, consider them healthy, and many national dishes are made of vegetables. He wants to increase the stock on a daily basis, so that he can maximize selling the vegetables until evening, and can get the most reward for his efforts. Abdul Majeed applied for a loan to purchase more vegetables and thus increase his monthly turnover. This will be his first loan; he hopes that he can easily repay the loan through generated income, and can improve his poorly conditioned shop as well.

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
  • 275
    View loans »
    Pakistan Loans Fundraising
  • $14,693,800
    Funds lent in using Kiva
  • 104.9
    Pakistan Rupees (PKR) = $1 USD

Success!! The loan was 100% repaid

A loan of $975 helped Abdul Majeed to buy fresh and seasonal vegetables to sell.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 17, 2014
Listed
Feb 20, 2014
Currency Exchange Loss:
Possible
Ended:
Mar 19, 2015