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Iftikhar
Iftikhar is 25 years old and lives in Karachi, Pakistan. By profession he is a scrap dealer in the local market, which he has been doing for many years. Iftikhar needs to buy scrap material in bulk to recycle it but due to some financial constraints he is not in a suitable position to so so.

Iftikhar requested a loan loan from BRAC Pakistan, which he will use to purchase the scrap material in bulk so that he can easily adopt the recycling procedure and earn a profitable income from his business.

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

  • $4,700
    Average annual income
  • 257
    View loans »
    Pakistan Loans Fundraising
  • $14,499,975
    Funds lent in using Kiva
  • 97.5
    Pakistan Rupees (PKR) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,550 helped Iftikhar to purchase scrap material for recycling.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 9, 2014
Listed
May 1, 2014
Currency Exchange Loss:
Possible
Ended:
May 17, 2015