A loan of $720 helped to purchase a loader rickshaw.
Zulfiqar, a 48-year-old father of seven children, is going through an extremely tough time in his life. Managing the expenses of seven grown up children is not easy when Zulfiqar has to manage the expenses by himself. In order to support his household, he currently works as a gardener which provides only a limited amount of income. At the end of each month, it becomes difficult for Zulfiqar to manage household expenses and his family suffers as their expenses exceed his income. Since all of Zulfiqar's children are school-going, Zulfiqar also pays for their college/school fees. However, he is determined to educate each one of his children and wants them to live a better and poverty-free life. In order to put an end to his sufferings, Zulfiqar reached out to Seed Out Gujranwala and requested a micro-loan of $720. With this loan amount, he wants to purchase a loader rickshaw to increase his earnings which will open multiple business opportunities for Zulfiqar. This will also allow him to continue paying for his children's college/school fees and manage the household expenses well.
It helps provide business opportunities to a potential entrepreneur and provide for his family's expenses.
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:
$ 18.00
Disbursed date:
Aug 10,2019