A loan of PKR 60,000 helped start a grocery store.
Muhammad Asghar is a fifty-one years old man who lives in Bahawalnagar, Pakistan. He lives with his loving family which includes his daughter and four sons. He is running a small restaurant in his neighbourhood for the past four years. His neighbours and customers see him as a credible and honest person who takes care of the needs of his customers. His children are all young. Two of his sons are also working to earn and support their father to carry out the responsibilities towards the family. One of his sons is working as a salesman in a cosmetic shop while the other one is working at his father’s restaurant. But, Asghar wants his son to become independent and earn for himself as he will get married soon and he should be able to support his family. In order to make him independent, Asghar wants to start a grocery store along with the restaurant for his son. By working in his restaurant, his son has acquired business skills due to which he is quite hopeful about this business idea. Asghar has no savings mainly due to his large family. Now, he needs money to buy the grocery items to start the business. He has asked Seed Out to help him achieve this goal. It can be done through the means of micro-lending.
It will help a responsible father to make his son financially independent.
Country
PKR 290,893

Average annual income

PKR 37,790,000

Funds donated in Bahawalnagar

0

Projects fundraising in Bahawalnagar

499

Project raised in Bahawalnagar

Deserve for

Loan Length 0Months
Repayment schedule:
Monthly
Installment per month:
PKR 2500.00
Disbursed date:
Jun 01,2019