He has been troubleshooting electrical water pumps; his practice to buy scrap water pumps at low prices and after binding the motors, sells them for higher prices. To bind the motors; Shahid required copper wires in large quanties, which is very expensive.
He also wants to buy additional electrical goods to sell from his store.
He contacted Kiva's field partner BRAC Pakistan to buy copper cable coils, used water pumps and electrical goods for reselling.
Shahid hopes that Kiva lenders will support him. He is very thankful to Kiva, Kiva's lenders and field partner, BRAC Pakistan.
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 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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This loan has been fully funded!