A loan of $216 helped to expand a general store.
Muhammad Imran, a 29-year-old man who lives in a slum area of Gujranwala, struggles to make ends meet each day. A year ago, when he started his own general store with a limited amount of investment, he thought his business would prove to be fruitful. Unfortunately, Imran continued to face multiple financial issues and things turned out to be different. His sales decreased drastically as he could not restock. Eventually, his stock ran out and he had to shut down his store. He then started working as a labourer in order to contribute to the household finances in some way. His two younger brothers who worked different jobs also contributed to the family's expenses. Imran's mother is old now and he cannot see his mother suffer in poverty. Three of his younger siblings go to school and being the eldest he believes it is his responsibility to manage their school fees. Imran suffered through immense emotional and financial crises in the previous year and wants to have a business with stable income. Imran has requested a loan of $216 from Seed Out to expand his general store. He will use the loan from Seed Out's generous donors to purchase multiple products ranging from snacks to juices to detergents and much more. By increasing the inventory, sales of his general store will increase as he will be able to offer variety of products to his customers. Imran believes that donation from Seed Out will increase his revenue, his family will escape the financial troubles and improve their lifestyle. He will easily pay for his siblings school fees.
It helps a person ease his family's financial troubles and provide for a better living.
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:
Jul 05,2019