A loan of $216 helped to expand a button and lace shop.
Ghulam Mustafa, a 37-year-old man has dedicated his life to provide the best for his family. Living in poverty causes multiple problems in Ghulam's life. Ghulam, being a hard worker all his life, was never able to earn a reasonable amount of income which could improve his financial situation. Previously he was selling Mehndi and bangles which did not generate enough income to fulfil his family's needs. He now runs a lace shop which lacks inventory therefore, it becomes difficult to manage the household expenses. Now that his only daughter is 10 years old, her school fees and other necessities have also increased with time. Secondly, as Ghulam's old parents cannot earn on their own, they live with him which eventually increases Ghulam's responsibilities to take care of their medical needs, clothes and other expenses. Ghulam and his brother share a small house and both the families have their own portions. Although, the house is small but its condition has deteriorated with time. The hygiene conditions are also poor at Ghulam's house. Ghulam reached Seed Out to improve his financial condition along with a desire to earn a sustainable income. Ghulam has requested a loan of $216 from Seed Out. This loan will help Ghulam to increase the inventory of buttons, laces and threads at his lace shop. This will increase the variety at his shop leading to improved income for Ghulam. Lastly, the increased income will improve the financial condition at Ghulam's house and he can save up for his daughter's education.
It helps a person to improve a household's financial condition.
Country
$1,629

Average annual income

$0

Funds donated in Bahawalnagar

0

Projects fundraising in Bahawalnagar

0

Project raised in Bahawalnagar

Deserve for

Loan Length Months
Repayment schedule:
Monthly
Installment per month:
$ 9.00
Disbursed date:
Aug 08,2019