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M. Amjad
M. Amjad is 43-year-old married person. He is living in the urban area of Lahore, Pakistan. He is a manufacturer by profession and manufactures auto rickshaw spare parts on demand. He has been manufacturing and generating reasonable income for his family. He is the sole earner for his entire family. He takes contracts from various local companies for manufacturing spare parts. For this purpose he utilizes the lathe machine, tools and cutting tools.
Recently, he signed a contract for manufacturing a lot of spare parts but does not have enough raw materials. The party paid some cash in advance but some amount is still short to buy raw material.

This is the reason M. Amjad contacted BRAC and requested a Kiva loan. He plans to buy raw material such as cast iron in large quantity and tools.
In this way he can easily generate additional income for his entire family and cherish his children in well manners. M. Amjad thanks Kiva and field partner, BRAC Pakistan.

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.

About Pakistan

  • $3,004
    Average annual income
  • 198
    View loans »
    Pakistan Loans Fundraising
  • $13,095,175
    Funds lent in using Kiva
  • 98.7
    Pakistan Rupees (PKR) = $1 USD
Paying Back

This loan has been fully funded!

A loan of $2,550 helped M. Amjad to buy raw material for manufacturing Rickshaw spare parts.
53% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 19, 2014
Listed
Jul 13, 2014
Currency Exchange Loss:
Possible