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Maqsood Ali
Maqsood Ali is 29 years old and married. He is an energetic man living with his spouse and a son in the area of Afandi Colony, Hyderabad, Pakistan.

He owns a business manufacturing packing boxes. He has been running this business for the last 6 years. At the beginning, it was not very profitable, but with the passage of time, he has established the business on a grand level. Now, there are six co-workers also working with him.

Maqsood Ali purchases raw materials from markets such as corn starch glue, cardboard, brightly colored inks, and cutter machines. After manufacturing the packing boxes, he supplies them to the shopkeepers.

He manages his household necessities with his business. He speaks with a monotonous tone which is impressive and easily wins the trust of others. This is a reason that his number of regular clients increases day-by-day.

He wants to expand his box making business. He is in need of a cardboard cutting machine. Therefore, Maqsood Ali requested a loan from Kiva’s field partner, BRAC Pakistan, so that he will be able to buy a cutting machine to improve his packing box business.

He hopes that lenders will support him and this loan will prove productive for his business. He is very impressed with the Kiva loan cycle system. He is thankful to the lenders.

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
  • 241
    View loans »
    Pakistan Loans Fundraising
  • $14,499,975
    Funds lent in using Kiva
  • 98.8
    Pakistan Rupees (PKR) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,050 helped Maqsood Ali to purchase a new cutting machine for packing boxes.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 18, 2014
Listed
May 6, 2014
Currency Exchange Loss:
Possible
Ended:
May 17, 2015