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.
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 PakistanBRAC 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.
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Success!! The loan was 100% repaid