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M. Asghar
M. Asghar owns an auto spare parts shop in the area of Lahore, Pakistan and lives near his shop. His shop is situated in the vehicle’s spare parts market and it is challenging for him to sell his product among his competitors. This competition highly effects his daily sales.
To grow his business, income and differentiate from the competitors he decided to offer some additional stylish spare parts, engine oils and some ordinary spare parts to sell. He hopes that this strategy will work positively and the customers will attract towards his new products.
He cannot act upon his strategy without some capital, so he has requested a kiva loan through Kiva’s field partner BRAC Pakistan because the BRAC provides the facility to empower the poor.
M. Asghar is married and he has to look after his young children and old parents as well but he hardly spends time with them due to his business.
M. Asghar is tension free after receiving this loan because the BRAC showed him a beam of hope in the darkness. He is very thankful to the kiva and field partner’s BRAC Pakistan.

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
  • 253
    View loans »
    Pakistan Loans Fundraising
  • $14,499,975
    Funds lent in using Kiva
  • 97.9
    Pakistan Rupees (PKR) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,025 helped M. Asghar to buy stylish spare parts, engine oils and ordinary spare parts of vehicle to sell.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 14, 2014
Listed
Apr 1, 2014
Currency Exchange Loss:
Possible
Ended:
Apr 19, 2015