Her husband has been running a shop selling raw materials related to tailoring, which is the only source of income for the family. Many tailors and the ladies of his town like to buy laces, spools, threads, needles and packs of zippers from his shop. His customers appreciate his collection of laces. Currently he is interested in purchasing some of the latest variety of expensive laces to enhance his income but finds it difficult due to financial constraints. Therefore, Farida has requested a loan from Kiva's partner BRAC Pakistan, so her husband can buy stitching raw materials and expensive laces for reselling. This will not only help him to grow his lace selling business but will increase his net income and savings as well. He is very thankful to Kiva and BRAC Pakistan.
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