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Tariq Mehmood
Tariq Mehmood is a 41-year-old, married man, living in the area of Lahore, Pakistan, along with his family. He is the father of three sons and two daughters. He is a cattle trader and does most of his trading from within his home area. He breeds cattle in his yard as well and sells the bull calves to the butchers. He has to feed the calf for one or two years until they have grown up and are healthy, which is a very lengthy and expensive procedure. He also trades buffaloes as well. He buys buffaloes at a low price and sells them to the people at a profit.

He has been producing milk and breeding from his buffaloes. His production of milk and his breeding procedure have been effected because he is unable to cope with the demand.

Tariq Mehmood wants to buy a buffalo to keep his income constant but he has already invested all his savings into the expenses of his dairy farm. He does not have sufficient cash in hand to buy a buffalo to continue his business smoothly. Therefore, Tariq Mehmood requested a loan from Kiva’s field partner BRAC Pakistan, so he would be able to purchase a new buffalo for his business. He hopes that lenders will support him and this loan will prove productive for his business as well.

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

  • $3,004
    Average annual income
  • 236
    View loans »
    Pakistan Loans Fundraising
  • $14,178,125
    Funds lent in using Kiva
  • 98.5
    Pakistan Rupees (PKR) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,050 helped Tariq Mehmood to buy a buffalo for dairy farm.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 12, 2014
Listed
Jun 1, 2014
Currency Exchange Loss:
Possible
Ended:
Jun 18, 2015