A loan of $216 helped to expand a wholesale business of cosmetics.
Basharat Ali, a 36-year-old father of two, lives in an old house in a poor locality of Gujranwala. Basharat’s monthly income by selling cosmetics is a very limited amount for Basharat to run his household. His experience as a salesman has been in the cosmetics business for the past few years where he purchases inventory from the vendors and sells it to other shops and people. Unfortunately, Basharat has been unsuccessful in escaping poverty and it becomes worrisome for Basharat as he strives hard for his children to get basic necessities but he is unable to provide them with improved level of hygiene care and basic medical facilities if need be. Basharat is also concerned about sending his children to good schools in the area. Basharat has requested a loan of $216 in order to purchase more inventory for his sales business. His inventory will include additional cosmetics and beauty products. With an experience of 5 years, he is sure he will be able to sell the products to his customers easily. When his sales will increase, eventually his profit and revenue will increase as well. Basharat will able to renovate his house and improve hygiene care for his children. He will be able to meet the demands of the household and fulfil the necessities of his kids. He further plans to give the best education to both of kids so that they spend better and quality lives. Why is this loan special: It provides opportunity for an entrepreneur to increase his sales and give better future to his kids.
It will help aspiring entrepreneurs increase the scale of their small businesses.
Country
$1,629

Average annual income

$0

Funds donated in Gujranwala

0

Projects fundraising in Gujranwala

0

Project raised in Gujranwala

Deserve for

Loan Length Months
Repayment schedule:
Monthly
Installment per month:
$ 9.00
Disbursed date:
May 03,2019