He owns a sweater shop in the area of Lahore, Pakistan. This shop is the only source of income for the family, so he is interested in purchasing a variety of wool for knitting sweaters. Though summer season is started in the area, he wants to increase the stock of his business for the next season by knitting as many sweaters as he can. This will help him to increase his net income and savings in the winter season and will save his time as well.
However, due to the lack of capital, he finds it difficult to purchase the needed things. Therefore has requested a loan amount of 100,000 PKR from Kiva's partner BRAC Pakistan. He dreams for the growth of his business and for the bright future of his children.
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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Success!! The loan was 100% repaid