A loan of PKR 80,000 helped to expand his general store and provide his daughters with a decent livelihood.
Niaz Ali is 46-year-old struggling father of two precious daughters who is unable to provide the basic necessities of life to his family due to extreme poverty. Despite putting in extra effort in his work, Niaz has remained an old victim of poverty. He runs a small general store since the past 18 years and has been able to earn a limited amount of income only. Niaz never had enough money on his hands to invest in his general store and buy more stock. Few years ago, his family faced a financial crisis which made their situation worse and it took ample time to recover from it. Now that his daughters are growing old, he is worried about their education and future. He wants to give a better life to them by giving them all the necessities of life. Niaz reached Seed Out's Gujranwala office for help. He has requested a micro-loan of PKR 80,000 to expand his general store. With more items to sell, he will attract more number of customers, his sales will increase which will lead to better profits. He will be able to handle his household expenses with ease and save for his daughter's future.
It helps a family escape poverty and manage their household expenses with ease.
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 3500.00
Disbursed date:
Aug 07,2019