A loan of PKR 40,000 helped to start a vegetable cart.
Muhammad Saqib, a 35-year-old father of two small kids was already burdened with poverty when he recently found out about his serious kidney disease. Being the sole breadwinner, managing a household is not easy for Saqib. Few months ago, Saqib and his wife, Parveen, got blessed with a beautiful daughter and Saqib's mother is old and requires medical care quite often which has increased his expenses greatly. Saqib has worked as a tailor for many years but he cannot continue due to his kidney problem. However, he has a two year experience in running a vegetable cart which he believes is profitable but he does not have enough money to start this business. Saqib reached out to Seed Out Faisalabad office for assistance. He has requested a micro-loan of PKR 40,000 to start his own vegetable cart. With the loan amount, he wishes to purchase the cart and vegetables to sell. Based on his short experience, he will be able to attract and sell large amount of vegetables to his customers. This way, his sales would go up leading to an increased income. He will be able to manage his household expenses properly and take care of his own medical needs.
It helps a person manage his household expenses and pay for his own medical bills.
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 2000.00
Disbursed date:
Jul 31,2019