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Rasheed
Rasheed is 44 years old active borrower of BRAC Pakistan. He is a father of six children, he lives in Karachi, Pakistan; with his family. By profession he is carpenter, he has been running his own business of carpentry for past 25 years.
He wants to buy pieces of wood and other tools for his business purpose, but due to insufficient financial means he cannot afford to buy these merchandises. Therefore he has applied for Kiva loan from its field partner BRAC Pakistan. with the help of this loan he can purchase the relevant items for his business purpose and earn profitable income to meet the daily needs of family and business.
on this financial support Rasheed is very thankful to 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
  • 211
    View loans »
    Pakistan Loans Fundraising
  • $13,141,000
    Funds lent in using Kiva
  • 97.9
    Pakistan Rupees (PKR) = $1 USD
Paying Back

This loan has been fully funded!

A loan of $1,025 helped Rasheed to buy ply wood for his carpentering business purpose.
80% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 21, 2014
Listed
Apr 1, 2014
Currency Exchange Loss:
Possible