A loan of $342 helped to purchase a motorcycle rickshaw.
Tanveer Hussain is a 34-year-old strong father of 6 children but the problems in his life discourage him to the point of hopelessness. Running a household with a low income is extremely tough especially when everone has their own needs to be covered. Tanveer is a diligent person who has been driving a rented motorcycle rickshaw in Faisalabad for quite a long time. Since it became hard to manage the household expenses for Tanveer, his wife, Asifa, started stitching gloves at home in order to contribute to the household income. Although, her earnings remain limited but she tries to sell her gloves with a good profit margin. Moreover, their eldest son, Ali Raza, works at a naan shop and makes a small amount of income. Despite three members of the family earning for a living, the expenses still exceed their combined income and their problems persist. Tanveer has requested a micro-loan of $342 from Seed Out's crowd funding platform. The loan will allow Tanveer to purchase a motorcycle rickshaw which will create multiple business opportunities for him. His costs would be cut down and his income will increase as he can drive more number of people. His household condition will improve and he will be able to save for future expenses as well.
It helps create business opportunities for a person and improve his household income.
Contributing donors (1)
Country
$1,629

Average annual income

$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:
$ 18.00
Disbursed date:
Jul 26,2019