His shop is situated in the vehicle spare parts market and it is challenging for him to sell his products with such fierce competition. This competition highly affects his daily sales. To increase sales and abstain from the competitors, he decided to offer some additional new, updated electric spare parts. He hopes that this strategy to upgrade his business will work positively and the customers will be attracted to his newly introduced products. He cannot act upon his strategy without some additional capital. Therefore, he has decided to request a loan from Kiva’s field partner BRAC Pakistan. He believes that this loan will help him implement this strategy to overcome the ongoing competition in the market.
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