A loan of PKR 90,000 helped to expand an electrical equipment repair shop.
Waheed Akhtar is a 33 year old experienced young man who is ambitious about growing his business. Being the sole breadwinner, he is faced with multiple expenses. With his limited income, he is unable to manage the household expenses properly. Currently, he runs a small electric store at home and earns a small amount of income by repairing faulty electronic items. He has to fulfil the demands of his children and take care of his old father. Waheed and his family also live in a rented house with poor hygiene and sanitation which makes his children often sick and most of his money is spent on their medical bills. With increased expenses, problems for Waheed and his family have also increased. Waheed has requested a micro-loan from Seed Out of PKR 90,000 to expand his electric shop. He plans on purchasing more accessories for different electronic items so that he can repair more items. He will be able to to cater to more number of customers which will increase his income. He can easily manage his household expenses, take care of his children's needs and improve his home's hygiene condition.
It helps a person manage his household expenses well.
Country
PKR 271,500

Average annual income

PKR 45,485,100

Funds donated in Gujranwala

0

Projects fundraising in Gujranwala

612

Project raised in Gujranwala

Deserve for

Loan Length 0Months
Repayment schedule:
Monthly
Installment per month:
PKR 4000.00
Disbursed date:
Aug 07,2019