A loan of PKR 130,000 helped to buy a brand new loader rickshaw.
Muhammad Hanif is a twenty-eight year old young man who lives in Faisalabad, Pakistan. He has a small beautiful family including his wife and a two-year-old daughter. He is a nice and decent man as he financially supports his elderly mother-in-law. He lives in a rented one room house in a slum area. The financial conditions of the family are very poor. His house rent is about forty percent of his income. He is a driver of a loader rickshaw and transports goods in the city. He has a good experience of about three years in this particular business. But, he drives a rented loader rickshaw for which he has to pay three hundred rupees daily to its owner. Along with the rent, the gas cost also adds to the business expenses. This is causing financial problems for him and his family. By buying his own loader rickshaw, his income can be increased. The increased earning will help him to provide better economic conditions to his family and to save for the future of his daughter. To carry out his plans, he has no savings due to which he has asked Seed Out to help him. We can support this simple and determined man by making donations through the platform of micro lending.
This will help a dignified person to increase his living conditions without relying on anyone.
Country
PKR 452,500

Average annual income

PKR 0

Funds donated in Faisalabad

0

Projects fundraising in Faisalabad

0

Project raised in Faisalabad

Deserve for

Loan Length Months
Repayment schedule:
Monthly
Installment per month:
PKR 5000.00
Disbursed date:
Aug 16,2019