A loan of PKR 60,000 helped to expand a car accessories shop.
Things have not been easy for Abbas Ali for the past few years. Initially working as a car sound system mechanic, he earned the right amount of income. He opened his shop and sold car sound systems. However, due to a financial crunch and an increase in responsibilities, Abbas’s financial condition did not remain well. Instead of focusing and investing in his business, he had to cover other expenses from his savings and income. His expenses exceeded his income, and things did not go well. Now that Abbas is a father of four young boys, he wants to provide them with a decent livelihood. He wants to give quality education to his children and create a bright future for them. Abbas is an impressive salesman and has the potential to take it to the next level. When Abbas came across Seed Out, he became hopeful. He immediately applied for a loan to expand his business. He has requested a loan of PKR 60,000 to expand his mechanic services and add car inventory to his shop to target more customers. He is a well-known man in his community, and all his customers return to him for any car-related issue. He knows he can expand his customer base if his inventory is increased and earn a better income. With increased revenue and profits, he will be able to improve his livelihood.
It helps improve a micro-entrepreneur's income and livelihood.
Contributing donors (1)
Country
PKR 271,500

Average annual income

PKR 32,985,370

Funds donated in Lahore

0

Projects fundraising in Lahore

331

Project raised in Lahore

Deserve for

Loan Length 0Months
Repayment schedule:
Monthly
Installment per month:
PKR 2500.00
Disbursed date:
Oct 16,2019