A loan of PKR 60,000 helped to expand a hosiery stall.
Muhammad Mushtaq is a 40-year-old father of 2 who ensures that his children's needs are fulfilled at all times. He does not want his family to ever feel the burden of poverty. However, belonging to a semi-urban area in Faisalabad, Mushtaq struggles with his life each day to earn enough money. Currently, he runs a small stall of hosiery (undergarments) in a nearby market but his earnings remain limited. Most of his income is spent on managing the household expenses or business costs. Both of Mustaq's children are school-going and it becomes a challenge for Mushtaq to arrange their fees every month. However, Mushtaq is determined to send his children to school, no matter how tense their situation becomes. Mushtaq sought Seed Out's help in Faisalabad. He has requested a micro-loan of PKR 60,000 to expand his hosiery stall. He wants to add more variety and greater number of items to his stall in order to cater to more customers. This will increase his sales leading to greater profits. His household income will improve and he would be able to manage the needs of his children with ease.
It helps a person manage his household expenses and business costs with ease.
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 2500.00
Disbursed date:
Jul 31,2019