A loan of $252 helped expand a furniture business.
Muhammad Arshad is a 45-year-old man who is suffering from extreme poverty. Being a father of two beautiful daughters, he does not want them to ever suffer because of their impoverished life. Although, Arshad is a hard working man but due to less investment available he is unable to grow his business. Arshad makes 4 to 5 furniture sets per month and sells them on the roadside. This produces only a limited profit which hardly covers his business and household expenses. Both of his girls attend school and Arshad tries his best to manage all their needs. Unfortunately, at the end of each month, Arshad is left with no money which makes their lives very difficult.
After suffering for very long, Arshad sought help from Seed Out. He has requested a micro-loan of $252 from our crowd funding platform to expand his furniture business. With this loan, he will buy sets of raw furniture in various designs in order to target wider customer range. Number of furniture sets to sell will increase, his profits will go up leading to an improved income. He will be able to cover his business costs and household expenses with ease.
It helps create business opportunities and leads to improved income for a needy person.
Contributing donors (5)
$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:
Sep 07,2019