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Arqam
Arqam is 25 years old and an energetic and honest man who lives with his parents in the area of Lahore. He is a wholesaler of rice; he buys the rice from harvesters at a low price and sells in Lahore city to the retailers. He buys rice of various kinds such as basmati and super kernel from the field. He has been doing the same practice for many years and has many reputable retailers who like to buy rice from him in large quantities. He has built up a positive relationship among the retailers and they help him promote his business as well.
With the increase in new customers, he wants to buy rice in large quantities so he can easily cope with the higher demand. In this way, he would be able to increase his monthly income and savings as well. Arqam is grateful for this honorable support and thanks Kiva and field partner 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.

About Pakistan

  • $4,700
    Average annual income
  • 241
    View loans »
    Pakistan Loans Fundraising
  • $14,499,975
    Funds lent in using Kiva
  • 98.3
    Pakistan Rupees (PKR) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,025 helped Arqam to buy rice in bulk for reselling to the retailers.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 19, 2014
Listed
Apr 1, 2014
Currency Exchange Loss:
Possible
Ended:
Apr 19, 2015