M. Ashiq is a father of seven children and is the only responsible person, who has to feed them. He has only one source of income and he has to pay the utility bills and household expenses by himself. The condition of his house is not up to the mark according to the living standards.
M. Ashiq wants to buy more inventories to sell because most of his female customers purchase utensils in a large quantity for making a dowry. For this purpose, more inventories are required to cope with the sudden increase in the demand.
M. Ashiq requested a loan from Kiva’s field partner’s BRAC Pakistan, so he can buy utensil and crockery items and generate more income. M. Ashiq is very thankful to Kiva’s field partner BRAC Pakistan because they showed him a beam of hope to fulfill his desires.
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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